Until recently the firm’s practice focused on Elder Law, Estate Planning and Asset
Currently the practice is limited to the work set forth below.
Self Directed IRA, LLCs
Many people have IRA accounts that are substantial. Those accounts are held by a custodian, usually a bank or brokerage firm. Investments are controlled by the custodian and are primarily in stocks or mutual funds.
Few people know that IRA accounts can become Self Directed IRA accounts enabling you to invest in real estate, start-ups, joint ventures, partnerships, private placements, venture capital transactions, loans, gold and much more. Even further, you can create a Self Directed IRA, LLC and thus have “check book” control over your investments. (An LLC is a limited liability company.)
It is important that this is done with legal counsel since there are many important regulations involving your IRA even when it is in a Self Directed IRA, LLC. The process is critical to avoid entering into a “Prohibited Transaction.” These are transactions defined by the IRS that would place your entire IRA in jeopardy.
These transactions are not appropriate for everyone. But if you want other investment options, have special knowledge in an area, are not happy with your current investment return, want more control over your investments……a Self Directed IRA, LLC might be an option for you.
Following are the documents and services that we can provide for your Self-Directed IRA:
- Interface and coordinate with Self-Directed Custodian
- Formation of Self-Directed IRA, LLC
- Obtaining Federal Identification Number
- Operating Agreement
- Manager’s Agreement
About Joan Keston
Joan Keston is a graduate of Bucknell University (B.A in biology and economics) and Villanova University School of Law (J.D.), and earned an LL.M. from the University of Miami School of Law. She has practiced law and worked in business for over 30 years. Joan is licensed to practice law in North Carolina, Florida and Pennsylvania.
Prior to forming J.A. Keston Law, PLLC, Joan worked as an international legal consultant, and as a business attorney focusing on complex financial projects and acquisitions. She has worked with public and private corporations from large enterprises to start-ups, non-profit companies and NGOs. She has been a Faculty Advisor at the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill and on the Advisory Council at Kenan-Flagler’s Center for International Business Education and Research (CIBER). She has lived and worked in Europe, South America and North Africa.
Joan has a son who is a graduate of Hargrave Military Academy and High Point University.