Course Description
You and your client’s IRAs and retirement plans are at risk of accelerated taxation.
The SECURE Act killed the Stretch IRA—the greatest tax break for IRA owners in U.S. history. Subject to exceptions, your heirs will not be able to defer taxes on inherited IRA benefits over their lifetime but will be required to pay taxes within 10 years of your death.
Tax increases loom with not only proposed legislation, but also the Sunset Provisions of The Tax Cuts and Jobs Act of 2017 all point to massive income tax increases for IRA and retirement plan owners. How can you protect yourself, your family, and your clients?
Does your estate plan include traditional documents that “fix in stone” the distribution of your assets to your heirs?
If so, then your heirs are not likely to get the full benefit of your legacy. Updating wills and trusts for greater flexibility will allow your surviving spouse nine months after your death to determine the best strategies.
This CE course will include strategies to help ensure financial security for your surviving spouse and your heirs after you pass.
Major topics covered in this CPE/CE Tax webinar:
- Who Gets What?
- Tax-savvy charitable bequests.
- Strategies that can save hundreds of thousands of dollars if the children of the IRA owner are in different tax brackets.
- Second spouse and children from a prior marriage.
- Gifting strategies combined with transferring assets from the taxable world to the tax-free world.
- And much more.
Learning Objectives
- To discuss how the SECURE Act triggers a massive income tax acceleration on your IRAs after you pass. Learn strategies to minimize the negative impact of the SECURE Act.
- To discuss how to develop the best estate plan for your family.
- To determine why leaving your IRA to a Charitable Remainder Trust could be more beneficial to your heirs than leaving your IRA to them outright.
- To discuss the Sunset Provisions of the TC&J Act of 2017 will not only increase income tax rates but also will dramatically lower the federal estate tax exemption. The strategies presented will potentially not only save income taxes, but also estate taxes.
Recommended For
- This IRS Approved CE course is recommended for CPAs, EAs, AFSPs, and Other Tax Preparers engaged in advising clients for estate planning matters.
- This CPE course is good for CFAs, PFS, TEPs, CSAs, and Other Financial Planning Professionals advising clients for retirement planning matters.
Who Should Attend?
- Accountant
- Accounting Firm
- Bookkeepers & Accountants & Tax Preparers
- California Registered Tax Professional
- Certified Public Accountant (CPA)
- Chartered Professional Accountant
- CPA (Industry)
- CPA - Mid Size Firm
- CPA - Small Firm
- Enrolled Agent
- Maryland Tax Preparers
- Oregon Tax Preparers
- Tax Accountant (Industry)
- Tax Attorney
- Tax Director (Industry)
- Tax Firm
- Tax Managers
- Tax Practitioners
- Tax Preparer
- Tax Professionals
- Tax Pros
