What you need to know and the pros and pitfalls of doing a SLAT for clients in appropriate situations.
Kenneth C. Leach completed his education through the University of New Mexico with his B.A. in History in 1972 and his JD in Law in 1975. He was then admitted to the bar by the State of New Mexico and U.S. District Court in 1975. He is a Fellow of the American College of Trust and Estate Counsel (ACTEC), and has been listed on Martindale-Hubbell's Bar Register of Preeminent Lawyers. He is a member of the University of New Mexcio Law School Alumni Association, the Albuquerque Bar Association, the New Mexcio Esate Planning Council and Southern New Mexico Estate Council, and a former trustee on the Board of Trustees of the Albuquerque Community Foundation. Kenneth previously served on the New Mexcio Board of Legal Specialization, an Agency of the Supreme Court of New Mexcio Estate Planning, Trusts and Probate Law Speciality Committee. He is presently serving on the San Juan College Foundation Board (and served as President from 2019-2022). Mr. Leach served on the University of New Mexico Foundation Board (from 1995-2003), and as the Chairman of the Gift Acceptance Committee for the UNM Foundation. Kenneth has been listed in the prestigious "The Best Lawyers in American" publication in the Trusts and Estates section for 26 consecutive years (1996-2022). He was the Community Foundation of Southern New Mexico advisor for the year of 2013 and received the Excellence in Charitable Gift Planning Award for 2006 by the Albuquerque Community Foundation.
Cristy will talk about the probate process when using the Probate Courts in New Mexico and will review the Supreme Court approved forms.
Cristy J. Carbon-Gaul grew up primarily in Omaha, Nebraska but considers herself a New Mexican, living in Albuquerque most of her adult life. Her and her husband, Daniel Gaul, moved to New Mexico in 1997. They have two children, two dogs, three cats and 23 chickens.
She is a lawyer by the New Mexico State Bar since 1997, earning her law degree from Creighton University School of Law, graduating cum laude. Her undergraduate degree, a B.S. in Business Administration with a concentration in accounting is from Trinity University in San Antonio, Texas.
Cristy has practiced probate law in New Mexico for over 20 years. Cristy is the Probate Judge for Bernalillo County.
Beneficiary Issues in Qualified Retirement Plans
Beneficiary issues seem to rear an ugly head in many aspects of estate planning and administration. Qualified retirement plans, such as 401(k) and traditional pensions, often find themselves in the position of denying distribution claims or having to make them contrary to what the participant may have intended. Some of the rules, while similar, are not the same as IRA's. Using real life examples, this session will explore some of those nuances and pitfalls to watch for as you help your client navigate through this complex issue, for either themselves, or in trying to get a clain paid from a loved one's plan.
Lisa A Lachmann, CPA received a B.A. in Recreation from the University of New Mexico. Needing a real "job", she began her professional career in a local Albuquerque bank, working her way up to an operations officer position. She left to pursue an M.B.A. with a concentration in Accounting from the Anderson School of Business Management at UNM. After graduating, she began a 23 year career in public accounting with a small local firm which grew from 20 to 80 employees while she was there. Her primary areas of practice were individual taxation, trusts and estates. She also managed the ERISA plan audits.
In 2012, Lisa left public accounting to become the Director of Pension Operations for Pension Planning Consultants, a regional third party administration firm. While she wears many hats, her primary joy is in training and developing staff, consulting with clients, and keeping up on all of the technical aspects of the myriad of IRS and DOL rules. She is a contributing editor to Thomson Reuter's PPC's Guide to Small Employer Retirement Plans and 5500 Deskbook.
P.O. Box 1992, Santa Fe, NM 87504