Private Retirement Trust: A Benefit to Living in California

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Speaker: Dustin I. Nichols

California boasts a relatively unknown, underutilized, yet extremely potent creditor exemption statute to its residents. The “Private Retirement Trust” or “PRT” captures this exemption. When properly created and implemented, a PRT exempts all identified retirement assets from money judgment creditors and bankruptcies. Residents can benefit from the most effective exemption protection for retirement assets that California has to offer with proper asset qualification, supportable retirement analytics, and annual administration. Learn more as we discuss:

• Why the PRT is considered a “non-qualified” retirement plan
• The statutory and case law basis of the PRT
• How successful business owners and employees can convert certain nonexempt and exposed personal assets to “exempt” private retirement assets
• Is the PRT subject to early distribution or required minimum distribution penalties?
• Using the Exemption Assessment Calculator (EAC) to determine risk of exposure

Earn 1 hour of CLE, CFP, or CPE credit