The IRS Just Released Newly Proposed SECURE Act!

Every Advisor Needs to Re-Think Everything!

On February 24th, the IRS released SECURE Act Regulations. The newly proposed regulations include many refinements to the retirement plan and IRA payout rules.  However, the most significant change for our estate planning clients is the elimination of the IRA “stretchout” in favor of the “10-Year Rule”.

The new proposed SECURE Act regulations mean that every client with a substantial IRA (or qualified retirement plan) should be seeking the guidance of an advisor and review IRA beneficiary designations and trust provisions in order to optimize postmortem payouts for their loved ones and beneficiaries.

As we have done in the past, we have brought in nationally renowned CPA and IRA expert, Robert S. Keebler, CPA/MST, AEP (Distinguished), CGMA for a very timely program entitled, “The SECURE ACT Regulations Have Arrived: Every Advisor Needs To Standdown & Rethink Everything!”.

During this 93-minute presentation, Bob will cover and include the following:

• The five exceptions to the 10-Year Rule

• The special provision when an IRA is paid to a child and later to the surviving spouse

• When the 10-Year Rule trumps the 5-Year Rule

• What happens when an eligible designated beneficiary dies (the X plus 10-Year Rule

• Drafting and implementing disability and chronically ill trusts

• Drafting beneficiary forms for multiple children and trusts

• The “Applicable Multi-Beneficiary Trust” and the “divided immediately” requirement

• Practical relieve when a remainder beneficiary is older than the disabled lifetime eligible designated beneficiary

• Death of a beneficiary when the IRA holder died after December 31, 2019 and prior to January 1, 2020

• Understanding the July 1, 1949 date of birth rule for RMDs

• Learn when the 5-Year Rule  applies to defined benefit plans

• Learn when the 5-Year Rule applies to deaths before January 1, 2020

• The 4 requirements of a “see-through”

• Difference between a “see-through” trust and a conduit trust

• Treatment of an accumulation trust including “minimal or remote interests”

• Learn when to disregard charities in an accumulation trust

• Understand separate account treatment and pre-mortem and post-mortem actions required

• Understand the age of majority “Age 21 Rule”

• Definition of disability under the proposed regulations

• Definition of chronically ill status

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

• Reformations and decanting to avoid a spendthrift disaster

• And much, much more including flow charts and checklists for you to use and help your clients!

Your purchase includes an instantly downloadable video and audio recording and PDF handout materials.  A PDF transcript is available as an add-on for an additional fee.