Estate Planning for IRAs in Second Marriages: Navigating Complexities is specifically designed for financial advisors. This session, led by Bob Keebler, aims to dissect the intricate challenges and strategies involved in estate planning for clients in second marriages, with a particular focus on IRAs.
Bob will explore the nuances of family dynamics and goals, delve into the complexities of state property laws, community property issues, and the implications of marital agreements. Attendees will gain insights into the critical roles of ERISA and the Retirement Equity Act (REA) in estate planning, alongside an in-depth analysis of estate and federal taxation, including state-specific considerations. Bob will cover the post-mortem rules for various retirement accounts like Qualified Plans, IRAs, and Roth IRAs, emphasizing the special EBD rules and the latest updates from SECURE 2.0 – Act Section 327. He'll also discuss the potential risks associated with conduit trusts and provide a thorough understanding of State Law and UPIA, including the 10% Rule, 4% Rule, and Traditional Income Rule.
The session will address fiduciary income tax issues, with a focus on the taxation of IRA distributions across different IRA types and the role of basis. Additionally, we'll explore the taxation complexities surrounding trust distributions, trapped income, and NUA in employer securities. The webinar will conclude with a segment on creative estate planning ideas, such as CRTs for second spouses, life insurance trusts, Roth conversions, out-of-state trust planning, QTIP trusts for estate tax reduction, and portability opportunities. This webinar is a must-attend for advisors seeking to enhance their expertise in estate planning for clients in second marriages.