TABLE OF CONTENTS FACULTY PARTICIPANTS FACULTY BIOGRAPHIES STUDY MATERIALS

Transcription

1 ALI-ABA Topical Courses Roth IRA Conversions: What the Estate Planning Attorney Needs to Know February 4, 2010 Telephone Seminar/Audio Webcast Replay Originally Presented December 16, 2009 AGENDA FACULTY PARTICIPANTS FACULTY BIOGRAPHIES STUDY MATERIALS TABLE OF CONTENTS 1. Roth Conversion Planning: An Outline By Jonathan G. Blattmachr 2. Benefiting from Roth IRA Conversions 3. A Client s Guide to Understanding Roth IRA Conversions 4. What Every Lawyer Should Know About Roth Conversions--Beyond the Numbers Roth Conversions (PowerPoint Presentation) Page ix 6. Roth Conversion Material 85 a. Traditional IRA Flowchart 86 b. Roth IRA Distributiuon Rules 88 c. When a Roth IRA Is Subject to Income Tax 89 d. Roth IRA: Taxability of Distributions 90 e. Recharacterization--Comprehensive Example 91 f. Application of 10% Early Withdrawal Penalty ( Penalty Box Rule and Ordering Rules ) Roth IRA Articles by Robert S. Keebler from Taxes The Tax Magazine 95 1-Navigating the Bermuda Triangle To Convert or Not to Convert, That Is the Question (October 2008) The Good, Bad and Ugly Using Oil and Gas Investments to Facilitate 2009 Roth IRA Conversions 112 xi xiii vii

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3 ALI-ABA Topical Courses Roth IRA Conversions: What the Estate Planning Attorney Needs to Know Thursday, February 4, 2010 Telephone Seminar/Audio Webcast Replay Originally Presented December 16, 2009 PROGRAM (All Times Eastern Standard) 1:00 pm Roth IRA Conversions --Panel Discussion 2:15 pm Audience Questions: Questions may be submitted live via to David A. Berek and Robert S. Keebler, who will answer them during this encore presentation or shortly afterwards. 2:30 pm Adjournment ix

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5 ALI-ABA Topical Courses Roth IRA Conversions: What the Estate Planning Attorney Needs to Know Thursday, February 4, 2010 Telephone Seminar/Audio Webcast Replay Originally Presented December 16, 2009 PLANNING CHAIR David A. Berek, Esquire Director, Family Wealth Management Credit Suisse Securities LLC 227 W. Monroe Street, Suite 3100 Chicago, IL FACULTY (in no particular order) Robert S. Keebler Jonathan G. Blattmachr, Esquire Baker Tilly Virchow Krause, LLP Milbank, Tweed, Hadley & McCloy LLP Suite Chase Manhattan Plz 2201 East Enterprise Avenue New York, NY Appleton, WI ALI-ABA Staff Producer: Harry Kyriakodis, Esquire xi

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7 Planning Chair FACULTY BIOGRAPHIES David A. Berek, Esquire Director, Family Wealth Management Credit Suisse Securities LLC Chicago, IL Mr. Berek is a wealth strategist and family wealth management CFO with Credit Suisse Securities (USA) LLC and a member of the ISBA Trusts and Estates Section Council. A Director at the firm's Family Office and Wealth Planning groups, he has been with Credit Suisse since May of In this capacity, he works as a facilitator between Credit Suisse clients and their outside advisors including trust and estate planning attorneys, certified public accountants, and insurance professionals to help families meet their financial goals. Mr. Berek was previously a trust and estate planning attorney at McGuireWoods LLP, Kirkland & Ellis LLP and Dykema, Gossett, Rooks, Pitts. He also has seven years of public accounting experience with Arthur Andersen LLP and Coopers & Lybrand LLP specializing in the taxation of high net worth individuals, and four years of experience in estate settlement and trust administration with The Northern Trust Company. An adjunct professor at DePaul University since 2006, Mr. Berek received his LL.M. in Tax and Employee Benefits and his J.D. from John Marshall Law School. He received his B.S. in Accountancy from DePaul University in He is licensed to practice law in Illinois and Florida. Faculty (in no particular order) Jonathan G. Blattmachr, Esquire Milbank, Tweed, Hadley & McCloy LLP New York, NY A retired partner from the firm of Milbank, Tweed, Hadley & McCloy LLP, Mr. Blattmachr has served as a lecturerin-law of the Columbia University School of Law and an Adjunct Professor of Law at New York University Law School. He is a former Chairperson of the Trusts & Estates Law Section of the New York State Bar Association and of other committees of the New York State Bar and the American Bar Association. Mr. Blattmachr is a Fellow and a former Regent of the American College of Trust and Estate Counsel and past Chair of its Estate and Gift Tax Committee. He has been designated as a Distinguished Accredited Estate Planner by the National Association of Estate Planners & Councils. Author or co-author of over 300 articles and five books on estate and tax planning topics, Mr. Blattmachr is also a codeveloper of Wealth Transfer Planning, a software system published for lawyers that provides specific client advice and automated document assembly for wills, trust, powers of attorney and other estate planning documents. He is a member of the Alaska, California and New York Bars. xiii

8 Robert S. Keebler Baker Tilly Virchow Krause, LLP Appleton, WI A partner with Baker Tilly Virchow Krause and chair of the firm's Estate and Financial Planning Group, Mr. Keebler's practice includes family wealth transfer and succession planning, retirement distribution planning, estate administration, and IRS representation. He is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning counsels, and has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States. Mr. Keebler frequently represents clients before the IRS National Office in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 150 favorable private letter rulings including several key rulings of first impression. A nationally-recognized as an expert in estate and retirement planning, he is the author of more than 75 articles and columns on wealth transfer and taxation, as well as the author or co-author of several books on the subject. Mr. Keebler holds a master s degree in taxation from the University of Wisconsin-Milwaukee and a bachelor s degree from Lakeland College in Sheboygan, Wisconsin. xiv