Navigating Legal Pitfalls in Self Directed IRAs Essential Procedures and Risks

Are you accidentally jeopardizing your retirement account?

In this essential webinar, we host Brian Elam, founder of Innovative Closing Solutions and a licensed North Carolina Real Estate Attorney since 1999. Brian is here to navigate the often-confusing legal procedures and pitfalls of Self-Directed IRAs (SDIRA).
With experience spanning over 10,000 real estate closings, Brian will explain how SDIRA transactions should be properly structured and executed. He will cover the general SDIRA process, highlight irreversible legal pitfalls such as prohibited transactions, and clarify who is legally authorized to sign investment and closing documents so you can avoid mistakes that could jeopardize your retirement account.
In this session, Brian Elam covers the three biggest legal questions:
The Procedures: General SDIRA legal processes you need to anticipate.
The "Third Rails": Specific, irreversible legal pitfalls (prohibited transactions) to avoid at all costs.
The Execution: Who is legally required to sign the necessary documents?
Brian is an entrepreneur at heart, having started his first business mowing lawns—and believes everyone should succeed in America. Get the experienced, professional legal advice you need to run your SDIRA accurately.

Chapter Markers
7:52 Custodian vs you: responsibilities and control limits
11:35 Prohibited parties and prohibited transactions overview
15:35 Executing purchase contracts and proper IRA titling
20:23 Avoid personal benefit and mixing personal funds
24:56 Co-owning deals: split income and repairs correctly
25:38 Checkbook IRA/LLC structures: benefits and risks
32:39 Liability insurance for IRA-owned rentals and land
34:35 DIY work/landscaping can trigger prohibited transaction
40:11 Property manager emergencies, expenses, and cash reserves

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