Author Description

In April 2016, the US Department of Labor issued a final fiduciary rule, which significantly affects advisors who render investment advice to Individual Retirement Account owners by expanding the “investment advice fiduciary” definition under the Employment Retirement Income Security Act of 1974 (ERISA) and modifying the complex of prohibited transaction exemptions for investment activities in light of that expanded definition. This new edition instructs and informs lawyers representing estates on how best to handle the laws and compliance issues surrounding their clients’ investments and is updated to include all of the recent changes to the rules and regulations surrounding estate planning and retirement asset distributions that have been enacted over the past year. It includes more than 100 scenarios, questions, and answers that practitioner dealing with often complex retirement asset distributions are likely to encounter. Checklists, sample forms, and summaries of court rulings on inherited IRA cases provide additional tools and resources that will help readers best help their clients through what is often a very difficult time in their lives.