Life and Death PLANNING
for Retirement Benefits
6th Edition
Natalie B. Choate

Secure Transaction
Price: $89.95

The QPRT Manual:
The Estate Planner's Guide To Qualified Personal Residence Trusts
Natalie B. Choate

Secure Transaction
Price: $89.95

Life and Death PLANNING
for Retirement Benefits
6th Edition

What’s new in this edition?

Totally new topics covered in this edition:

• Designated Roth accounts (“Roth 401(k)s”), 5.7, pp. 258–270
• Investors’ concerns, 8.1, pp. 394–396
• IRAs and Prohibited Transactions, 8.6–8.7, pp. 422–452
• Minimum distribution rules for Defined Benefit plans, 10.2–10.3, pp. 502–523
• Plus two new Conduit Trust forms, and sample letter transferring an IRA out of a trust or estate.

Many sections have been completely revised: Chapter 1 (Minimum Distribution Rules), to make it easier to use; Chapter 2 (Income taxes) expanded coverage of basis recovery and of NUA; Chapter 6 (Trusts) had to be revised for new developments in MRD trust rules; also trust accounting and income taxes expanded, plus new specific planning suggestions for trusts for minors, disabled beneficiaries, spouse, “dynasty” trust. All other Chapters were updated for new laws, cases, rulings, etc. especially Rev. Rul. 2005-36 (disclaimers) and 2006-26 (marital deduction).

How will this book help you in your profession?

There are hundreds of tax and other rules that affect the planning choices your clients must make regarding their retirement benefits. This is the ONLY book that explains those rules in PLAIN ENGLISH, backed up with full citations AND examples, PLUS specific planning suggestions for real-life situations you face every day in your practice. Thousands of estate planning and money management professionals swear by this book. Find out what your colleagues (and competitors?) already know.

Almost EVERYTHING you need in order to advise individual clients about tax planning for their benefits is in this book, from TEFRA elections to IRD to DNI to spousal consent rules, minimum required distributions, IRS “see-through trust” rules, income tax withholding and basis-recovery, pre-age 59½ distributions, considerations for each type of retirement plan, Keogh plans, life insurance in the retirement plan, how to value variable annuities for MRD purposes, rollovers and plan-to-plan transfers, how (and whether) to do a “Roth IRA conversion,” how to undo a Roth IRA conversion, statute of limitations on the 50% MRD penalty, how to compute MRDs for retirees and beneficiaries, disclaimers of retirement benefits, marital deduction requirements, and more; PLUS drafting checklists, tables, forms, and expert tips from top practitioners. There is too much in this book to summarize in one paragraph.

The QPRT Manual:
The Estate Planner's Guide To
Qualified Personal Residence Trusts

Natalie Choate’s newest book, The QPRT Manual, is the definitive guide to qualified personal residence trusts. QPRTs are a popular estate planning strategy that anyone who owns a home can use. Unlike family limited partnerships, QPRTs do not attract hostile IRS attention—in fact the IRS wrote the rules for QPRTs and has even published a sample trust form!

If you already use QPRTs in your practice, you will appreciate the “QPRT drafting checklist” (so you don’t overlook anything), the summaries of every IRS PLR ever issued on QPRTs, and detailed discussions of how to solve problems like QPRTs of mortgaged property, business use of the residence, what happens when the donor goes into a nursing home, generation-skipping tax issues, and selling or improving the residence during the QPRT term.

If you haven’t yet added QPRTs to your practice, you can’t miss with this step-by-step guide to the “safe” estate tax shelter. Natalie Choate covers everything, from what clients QPRTs are suitable for, how QPRTs work and why they save taxes, how they compare with various other planning strategies, exactly which properties may (and may not) be used to fund a QPRT, additional issues for married donors, how long the term should be, how the donor can retain possession after the QPRT term expires, and even to how to fill out the gift tax return. Of course it has a trust form and detailed instructions about your drafting choices for trust provisions during and after the QPRT term.

Many other estate planning books sketch QPRTs. The QPRT Manual, at over 400 pages, is a detailed blueprint. There is NOTHING else like it.

Author Bio

Natalie B. Choate is an estate planning lawyer with Bingham McCutchen, Boston. Her books, Life and Death Planning for Retirement Benefits and The QPRT Manual, are leading resources for estate planning professionals. She has been named Estate Planner of the Year by the Boston Estate Planning Council, and awarded the “Distinguished Accredited Estate Planner” designation by the National Association of Estate Planners and Councils. Listed in The Best Lawyers in America, Choate is a sought-after speaker. She has been quoted in The Wall Street Journal, Money, Kiplinger’s and other publications. She is an editorial advisor for Trusts and Estates, a columnist for MorningstarAdvisor.com, and Chairman of the Employee Benefits Committee of the American College of Trust and Estate Counsel.