EST2605. Inherited IRA Beneficiaries After SECURE

Despite the fact that Americans hold more nearly $50 trillion in retirement assets, and that those assets often make up a substantial portion of an individual’s net worth, IRAs and other retirement accounts continue to be ignored or insufficiently addressed within many estate plans. Left unaddressed, this planning gap can result in unnecessary taxation, the loss of valuable tax deferral, exposure of assets to “angry” creditors, and other harmful, wealth-sapping effects. The flip side of that coin, however, is that advisors who take proactive steps now to address the unique estate planning issues retirement accounts present can add substantial value for clients, and can effectively position themselves for the veritable tsunami of retirement assets that will be transitioning between generations in the coming years.

Learning Objectives:

• Gain an understanding of post-death payout rules and analyze the planning strategies beneficiaries can use to make the most of their inheritance.
• Learn the key rules that apply when naming a trust as the beneficiary of an IRA.
• Understand how to choose the “best” way for a surviving spouse to handle retirement assets.
• Explore the surprisingly complex interaction of state and Federal laws governing retirement account property rights.