What Happens When…An IRA is Payable to a Trust for Both Humans and Charities?


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Webinar Description

Drafting trusts that will receive retirement benefits has been a challenge for estate planners, even before SECURE.  And as we navigate the post-SECURE landscape, new drafting issues continue to arise.  Some of those issues are helped along with new legislation – such as “SECURE 2.0” – or may have been addressed in proposed regulations (that are not yet final).  One common issue is how to include charities in the estate plan when planning for retirement benefits. 

In this webinar exclusively for InterActive Legal subscribers, we’ll hear from the expert – Natalie B. Choate.  Natalie will cover this topic and take your questions at the end of her presentation, focusing on the following main points:

  • Which do you want—a charitable deduction or designated beneficiary status?
  • How to get both (sometimes)
  • It matters how the dollar gets from the IRA to the charity
  • The problem with “dynasty” trusts
  • Drafting do’s, don’t’s, and suggestions
  • Rule #1: charity is a better destination than humans for the IRA dollar
  • Rule #2: Don’t screw up designated beneficiary status for a small or remote charitable bequest
  • Separate accounts for multiple beneficiaries: how to get them & whether you need them

We welcome Natalie to our virtual stage to share her suggestions, recommendations, rules, and more with InterActive Legal subscribers.

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InterActive Legal is not an approved Continuing Education (CE) Sponsor. However, several states and regulatory agencies for a variety of professionals that participate on our teleconferences may still receive continuing education credit for their participation. If a participant wishes to receive CE credit for their participation in these teleconferences, they must apply to receive credit on their own and through their individual states and regulatory authorities. It is the responsibility of the participant to file for CE credit and is not guaranteed by the webinar sponsors.

Webinar Speaker

ILS Advisor

Natalie B. Choate practices law in Boston, Massachusetts, with the firm of Nutter McClennen & Fish LLP. Her practice is limited to consulting on estate planning and retirement benefits matters. Her books Life and Death Planning for Retirement Benefits and The QPRT Manual are leading resources for estate planning professionals.

Miss Choate is a former chairman of the Boston Bar Association Estate Planning Committee, which she founded in 1981, and its ERISA and Employee Benefits Law Committee, from 1990-1992. She is a former Regent of the American College of Trust and Estate Counsel and former Chairman of its Employee Benefits Committee. She is a member and former officer of the Boston Probate and Estate Planning Forum. She was named “Estate Planner of the Year” by the Boston Estate Planning Council, and was one of the first 10 attorneys to receive the “Distinguished Accredited Estate Planner” award from the National Association of Estate Planners and Councils. She is listed in The Best Lawyers in America.

She is an editorial advisor for several professional periodicals: Trusts and Estates, Ed Slott’s IRA Advisor, The Leimberg Information Service Employee Benefits Newsletter and Keeping Current. Her articles have been published in ACTEC Notes, Trusts and Estates and Estate Planning magazine. She is a contributing author and former coeditor of the book Drafting Wills and Trusts in Massachusetts. She authors a monthly column on retirement benefits for MorningstarAdvisor.com.

Miss Choate has taught professional-level courses in estate planning for ALI-ABA (the American Law Institute-American Bar Association), American College of Trust and Estate Counsel, International Association of Financial Planners, MCLE, the Boston and Massachusetts Bar Associations, and other organizations, and has spoken at the Heckerling, Notre Dame, Heart of America, New England, Southern California, Mississippi, Southern Federal, and many other Tax Institutes. She has lectured in 49 states, the District of Columbia, and Puerto Rico. Her comments on estate and retirement planning have been quoted in The Wall Street Journal, Newsweek, Kiplinger’s Personal Finance, Forbes, Financial Planning, USA Today, and Financial World magazines.

A Boston native, she is a graduate of Radcliffe College and Harvard Law School.

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