Session # 5: Tax, Trusts, and Estate Planning for IRAs

Trust, tax, and estate planning is essential components for IRAs. Without them, significant amounts could be lost to federal and estate taxes for IRA owners and their beneficiaries. Join nationally renowned experts Bob Keebler and Alan Gassman to learn the following:

• Roth conversion strategies

• Strategies for reducing the tax impact of IRA distributions

• When it makes sense for a trust to be the beneficiary of an IRA

• General estate planning strategies for IRAs

Course Outline

Section 1: Roth Conversion Strategies (30 minutes)- Keebler

• Critical Roth conversion concepts after SECURE
• Roth conversions for rate arbitrage compared to traditional IRAs to trusts
• 10+ Reasons to convert to a Roth IRA
• “Stretch” Roth IRAs for eligible designated beneficiaries

Section 2: Insurance Strategies for IRAs (30 minutes)- Keebler

• Powerhouse Life Insurance Strategies
• 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
• Debt financed life insurance strategies

Section 3: Types of Trust Beneficiaries for IRAs (20 minutes)-Gasman

• Conduit Trust vs. Accumulation Trust
• Comparing Characteristics of an IRA CRUT and an Accumulation Trust
• Tiers of Beneficiaries- Which Beneficiaries’ Count for RMD Purposes?
• Special trust provisions for spouse beneficiaries
• Special trust provisions for minor children of the IRA owner

Section 4: Estate Tax Planning for IRAs (20 minutes)-Gasman

• The Effects on See-Through Trusts
• The Stretch CRUT
• 10 Year Rule vs. Charitable Remainder Trust
• Planning for Ownership and Inheritance of Pension and IRA Accounts

*CE/CPE Eligible: 2.0 CE credits are available to FEN Members with these designations: IAR, CFP, CLU, ChFC and RICP. CPA members will earn 2.0 CPE credits. 

Field of Study: Specialized Knowledge

Prerequisites: There are no prerequisites for this session.

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

NASBA Approved

Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.