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Estate planning for professionals – physicians, lawyers, accounts and others – and executives raises challenging issues for the planner.
These clients may have high incomes but their retirement assets are highly concentrated in restrictive retirement plans. Their tangible assets tend to be the target of claimants, such as former clients in fiduciary litigation, tort claimants, former spouse and others. Planning for these clients involves preserving tangible assets from potential claimants and working with restrictive retirement plans or illiquid tangible assets.
This program provides a guide to issues and techniques when planning for professionals and executives.
Part 1 topics include:
- Estate planning and asset protection for professionals – physicians, lawyers, accountants, and executives
- Key threats to wealth preservation – challenges to martial agreements, fiduciary claims, bankruptcy, and creditor claims
- Planning for highly concentrated assets in qualified plans – 401(k)s, IRAs, defined contribution plans
- Planning with deferred compensation, Section 409A and non-eligible retirement assets