Care and Feeding of Self-Directed IRAs
Date: Tuesday, January 30, 2018
Time: 5:15pm - 7:30pm
Location: Hemmingson Center - Gonzaga University
Speaker: Warren L. Baker JD, LL.M., Fairview Law Group, PS
The Care and Feeding of
Warren L. Baker, JD., LL.M
Fairview Law Group, PS
Warren L. Baker is the Co-founder of Fairview Law Group, PS located in Seattle, Washington. He has a Master of Laws in Taxation (LL.M.), from the University of Washington. A Law degree from Seattle University of Washington and an Undergraduate degree from University of Washington. He is a current member of the Estate Planning Council of Seattle and Washington State Bar Association. Mr. Baker's practice is focused on assisting clients in analyzing, structuring, and negotiating tax-efficient structures for complex investment and business transactions. Warren is a regular presenter and writer on several of the most cutting-edge tax law topics in the nation. Warren has been published, featured, and/or quoted in outlets such as The Wall Street Journal, Forbes, Bloomberg BNA, Trusts & Estates magazine, Financial Planning magazine, and The Puget Sound Business Journal. Warren has been named a “Rising Star” (2013-2017) by Super Lawyers® and has a 10.0 rating on Avvo.com. (For more information about our Speaker, Warren L. Baker please visit www.fairviewlawgroup.com/attorneys/warren-l-baker )
Summary of Presentation:
The investment of retirement accounts into non-publicly-traded assets (e.g., real estate, private equity, notes, etc.) has increased rapidly over the past 15 years. The IRS (and other federal government agencies) has taken notice and is increasingly scrutinizing the marketplace, both directly (via audits) and indirectly (via tax returns and custodian disclosures). Regardless of a particular client’s investment objectives, it is vital for professional advisors to understand potential legal, tax, and estate planning landmines before they occur. As “self- directed” retirement accounts (whether IRAs or qualified plans) continue to grow (in both size and importance to many Americans, particularly high-net worth individuals), a professional advisor can distinguish himself or herself from the crowd by understanding the unique issues that these accounts often create.
Attendees can expect to learn about how to identify and plan for the two most significant legal concerns facing self-directed IRAs: prohibited transactions and currently taxable income (“unrelated business taxable income” - UBTI). Attendees will also learn how to manage IRS scrutiny risks, conduct an annual IRA checkup, and plan around unique liquidity and estate planning characteristics of self-directed IRAs with non-traditional assets.
Note from Admin, Heather: