Knowledge @ Noon - Wednesday, September 11, 2024
Calming Troubled Waters: Getting IRA Death Proceeds in a Timely Manner
September 11th, 2024, 12:00 pm - 1:15 pm
Girl Scouts of Western Ohio Directions
Register by September 10th, 2024
$25 for Non-Members --- Members are FREE!
Topic: Calming Troubled Waters: Getting IRA Death Proceeds in a Timely Manner
Has your nonprofit bumped into roadblocks while attempting to receive IRA death proceeds from a donor? Have IRA administrators delayed the death claim process by requesting more and more forms, requiring your organization to set up a second account just to get the proceeds, or asking for personal information about your officers or board members while telling you (erroneously) the Patriot Act requires you to provide it? What was once a simple practice of providing a death certificate and receiving your share of the IRA within 30-60 days has turned into a laborious procedure. The good news is that, led by the efforts of Johni Hays and a few others, we are making progress toward simplifying the process. Join us to learn the latest on how your nonprofit can get its IRA death proceeds faster and without providing unnecessary personal information.
Presenter:
Johni Hays, Senior Vice President, Thompson & Associates
Johni Hays is Senior Vice President with Thompson & Associates, where she helps donors to her clients figure out what they need in an estate plan to accomplish their goals. For the past two years she has also spearheaded the RIFT project, a two-pronged approach to simplifying the process by which charities can collect death benefits from IRAs. She and others are leading an effort to find legal and legislative remedies to the unnecessarily complex transfer process currently required by many IRA administrators. She also maintains a database of useful contacts at and current IRA transfer requirements of an ever-expanding list of IRA administrators.
Johni served as the president of the Charitable Estate Planning Institute and she is the author of the book, Essentials of Annuities and co-author of the book, The Tools and Techniques of Charitable Planning. She also served on the board of the National Association of Charitable Gift Planners and serves as a founding charitable planning author of Steve Leimberg’s electronic newsletter service, LISI.
Johni is in demand as a national lecturer on estate and charitable planning, probate, living wills, annuities, life insurance, retirement planning and IRAs, as well as income, estate and gift taxation. Johni has practiced law with an emphasis in charitable and estate planning since graduating cum laude with a JD from Drake Law School in Des Moines, Iowa, in 1993. She also holds a BS in Business Administration, magna cum laude, from Drake University in 1988. Johni has been a member of both the Iowa Bar and the Florida Bar since 1993.
IN-PERSON LOCATION:
Girl Scouts of Western Ohio
4930 Cornell Road
Cincinnati, OH 45242
In-person attendees are invited to bring a lunch with them to eat during the session.
ZOOM MEETING OPTION:
Login instructions will be emailed to registrants the day prior to the event.*
*If you have registered and do not receive the link the day before the event, please contact our administrator at ADMIN@GCPGC.ORG or by phone at 513-554-3071.
Time:
12:00pm – 1:15pm
Cost:
Members – Free
Non Members – $25
Questions:
Ask Event Co-Chairs:
Kathann Koehler at koehler
Carol Serrone at carolserrone@gswo.org