Effectively Using Beneficiary Designations on Retirement Accounts sponsored by Zinner & Co., LLP
Please arrive at 11:30 am for networking time in advance of lunch.
About the Program
As retirement assets (IRAs, 401(k) plans, etc.) continue to become a larger proportion of our clients’ asset mix, and as income tax planning becomes both more complex and more crucial to successful estate planning, planners will need to focus not just on wills and trusts but more on effective use of beneficiary designations on retirement assets. Who should our clients name as beneficiaries? What are the income tax implications? How do other considerations weigh in, such as asset protection, the need to protect the beneficiary from himself or herself, and the client’s desire to control from the grave? Is naming a trust as beneficiary advisable and worth the added complexity? If so, what kind of trust should be used? How can we make sure our clients actually complete appropriate beneficiary designations, and then have them accepted by the plan administrator? With an eye towards practical planning, we’ll address these issues and more.
About the Speaker
Paul Fidler joined Schneider Smeltz Spieth Bell LLP (formerly Schneider Smeltz Ranney & LaFond PLL) in 1996 and became a partner in 2003. His practice emphasizes estate planning and administration; trust administration; income taxation of estates, trusts and individuals; planning for charitable gifts and foundations; and business succession planning. Paul is a frequent speaker and author on a wide range of estate planning topics with a strong interest in asset protection techniques and qualified retirement plans and IRAs, which often are a client’s most valuable asset. In the community, Paul is an active member of the Broadview Road Church of Christ, where he currently serves as Treasurer, a Trustee, and on various service-oriented committees. Paul lives in Olmsted Falls with his wife, Katie, and two children.
Laura B. Springer, CRPC®, CFP® │ 2018-2019 Program Chair
Reservation Policy – All attendees are encouraged to register in advance and walk-in reservations will be accepted on a space-available basis only. Meeting cost is $25 for members when paid in advance before noon 11/12/18, $40 for members at the door, $40 for guests and $200 for a table of six (please submit names to firstname.lastname@example.org by 11/09/18). If you reserve and are unable to attend, please call the office to cancel by noon 11/12/18 to avoid a no-show reservation billing.
Continuing Education – EPC Cleveland will request approval for this program from the CFP® Board of Standards for CFP® designation holders. EPC will also request approval from the Supreme Court of Ohio for Ohio attorneys to receive CLE credit. EPC Cleveland will request credit from the Ohio Department of Insurance. A certificate of completion will be available for those CTFAs, CPAs, and CWS designees who feel the program satisfies their continuing education requirements.
Option 1: Reduced parking fees are available on a space-available basis at Ampco Euclid Gateway Garage (740 Euclid Ave., entrances on Euclid & Prospect) to those who enter after 11:01 am and exit before 2:29 pm. Guests should present ticket to the reception desk at The City Club for validation. After validation and if within the timing restrictions, the parking fee is $3.
Option 2: Through a special arrangement between The City Club and The Metropolitan at the 9 (2017 E. 9th Street, Cleveland, Ohio 44115), guests are able to take advantage of a $10 valet rate. To take advantage, tell the valet you are attending an event at The City Club. Once at The City Club, pick up a blue ticket from the reception desk. Present this ticket to the valet upon claiming your car. This option is available to those who park at or later than 11:01 and pick up their vehicle before 2:29 pm.
*Prices and timing restrictions subject to change without notice.