Practice Fundamentals Series – Nonprobate Transfers: Joint Property, Retirement Planning, Life Insurance, Beneficiary Designation Forms, etc.

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Program Date: Wednesday, May 3, 2017

Speaker: Stephanie A. Bruno of Nixon Peabody LLP

Moderator: Heidi Seely of Rackemann, Sawyer & Brewster, P.C.

Program ChairsHeidi Seely of Rackemann, Sawyer & Brewster, P.C. and Nikki Marie Oliveira of Bass Doherty & Finks, P.C.

Materials: Click here for panelists’ handout.

Program Topic:  This program discussed the various types of non-probate assets as well as the estate and income tax consequences associated with common non-probate transfers, including potential issues that can arise when designating beneficiaries of retirement accounts.  Attendees learned how to effectively title assets and prepare beneficiary designation forms to avoid probate and how to analyze the estate and income tax impact of naming individuals, charities, and trusts as beneficiaries of non-probate assets, including retirement accounts.