SECURE ACT is Now Law. EVERYONE NEEDS TO RECONSIDER EVERYTHING!

Join this deep-dive webinar to address all you need to know about this change in legislation and how it affects what you need to do to advise your clients.

After much delay and anticipation, the SECURE Act was enacted as part of the spending bill. The legislation includes many changes to retirement plans, however the most significant change for our estate planning clients is the elimination of the “stretch” IRA in favor of the “10-year rule.” This change will decrease wealth transfer and require estate plan updates. The effective date was 1/1/2020.

This means that everyone with a substantial qualified plan or IRA has to reconsider beneficiary designations and trust provisions in order to eliminate the possibility of an avoidable tax disaster. The best way to prepare for this seismic change is to join Bob Keebler where he will cover the following points:

• Urgent estate administration protocols for late 2019 deaths


• Urgent protocols to avoid disasters in case of early 2020 deaths


• The conduit trust RMD disaster and solutions – why most conduit trusts are now imprudent or worse


• Reformations and decanting to avoid a spendthrift disaster


• Selecting the right “heir” to receive the IRA


• The new spousal rollover trap and disclaimer planning


• IRD meets DNI – understanding the taxation of trusts named as IRA beneficiaries


• Examples to explain the quantitative difference under the new law compared to the old


• Using CRTs to maintain deferral and bracket management - the law and the math


• The mathematics of SECURE Act motivated Roth conversions for better bracket management and greater wealth transfer


• Using IRA trusts in low tax states to achieve state tax savings by avoiding or delaying the state taxation of the lump sum payout


• Using single life insurance to enhance bracket management - the unbiased math


• Using Second-to-Die insurance to increase wealth transfer


• Urgent action steps for ill and dying clients including avoiding conduit trusts and using out of state trusts


• The Mathematical Pillars of Income Tax Deferral, Bracket Management, Conversion of Ordinary Income to Long-Term Capital Gain and to Tax-free Insurance Death Benefits


• Explaining these Concepts to your Clients with Flowcharts and Quantitative Illustrations


• The Mathematics of Four Types of Trusts and Beneficiary Distributions from Trusts


• Conduit Trust, Non-Designated Beneficiary Trusts, Designated Beneficiary Trusts, and Eligible Designated Beneficiary Trusts


• The Good and Bad Math of Conduit Trusts after Secure


• Why Conduit Trusts Should not be Used in a Second-Marriage and How to Explain This to Your Clients


• The Math of Avoiding the Five-Year Rule in Favor of the Ten-Year Rule or the Life Expectancy Rule


• Developing a Thorough Understanding of the Deferral and Tax Rate Arbitrage Associated with a Charitable Remainder Trust


• Developing an Understanding of the Section 664 CRT Tier rules and Converting Ordinary IRA to Long-Term Capital Gain


• Understand the Income and Estate Tax-Free Benefits of IRA relocation (i.e., utilizing IRA distributions to Purchase Life Insurance)


• Learn Advanced Insurance Strategies Including Policy Designs to Maximize ROI


• Understanding the Efficacy of Roth IRA Conversions and the True Drivers of Who Should and Should Not Convert


• Integrating Roth Conversion Planning with Eligible IRA Disability Trusts and IRA Trust Planning


• Developing a Quantitative Understanding of the Benefits of Using the State Tax-Exempt IRA Trust to Reduce State Income Taxes


• Developing an Understanding of the Tax Rate Arbitrage of Spreading Income Across Trust Beneficiaries and Across Family Members


• Changes to Estate Tax Planning for IRAs After Secure