By: Seymour Goldberg, CPA, MBA (Taxation) JD, a senior partner in the law firm of Goldberg & Goldberg, P.C.
Many taxpayers have accumulated a considerable amount of assets in their retirement accounts. These assets may be in their 401(k), another type of qualified plan, a 403(b) arrangement, a 457 governmental plan, a traditional IRA and a Roth IRA. Asset protection as well as estate and income tax planning are more important than ever, especially under the new tax act, when advising a client that has substantial retirement type assets. This 80 plus page guide covers many of the rules that you need to know when implementing an estate plan for the client that has substantial retirement assets. Includes many practitioner tips to mitigate common errors and liabilities.