A wrong determination of whether a trust qualifies as a designated beneficiary of retirement benefits can cost the owner decades of tax deferral as well as 50 percent excise tax penalties. Our attorneys know how to provide the best asset protection and estate planning benefits for large retirement plans so that the valuable stretch out does not become a blow out. Most trusts are inadequately drafted to handle retirement plans, especially in light of the recent changes of the Pension Protection Act. New preparer penalties put an additional premium on determining whether the trust is likely to qualify.
Learn more about how to protect your retirement and reduce your estate tax consequences by contacting the Florida asset protection attorneys of Wild Felice & Pardo, P.A. at 954-944-2855 or via email at firstname.lastname@example.org.