Virtual
Trusts as Retirement Plan Beneficiaries 2024
Date: Jan. 23, 2025
Time: 12 – 2 p.m. PT
Overview
The 2019 SECURE Act changed the rules regarding distributions to beneficiaries from retirement plans in a negative way. Trusts are often named as beneficiaries for IRAs and other retirement arrangements. The choice may provide a different result than under prior law for many beneficiaries. Now is the time to revisit beneficiary choices. This class gives examples of income tax implications of various trusts that are chosen as beneficiaries. Note: This class presents an in-depth discussion of issues presented in the instructor’s class Retirement Distributions: Planning Options.
Product Code
1000002651-124807
Credit Type
CPE: 2CFP: 2CPE-Technical: 2IAR-PP: 2IRS-TX: 2MCLE: 2Accessibility
Closed Captioning Available
Intended Audience
CPAs, attorneys and financial professionals.
NASBA Field of Study
- Specialized Knowledge
- Taxes
Level of Difficulty
Advanced
Prerequisites
Working knowledge of estate issues and retirement plans preferred.
Advance Preparation
None
Learning Objectives
Major Subjects
- What is the significance of the Retirement Plan Beneficiary?
- Primary vs. Contingent Beneficiaries
- Is a Trust a “Designated Beneficiary?” Is it an "Eligible Designated Beneficiary?"
- Why do people want to name a trust as the beneficiary?
- What happens when the trust beneficiary dies?
Faculty
Additional Details
This is a pre-recorded broadcast. The Instructor will be available to answer questions via the chat feature.