Review new SECURE Act limits on post-death minimum distribution rules, and estate planning under these new rules. Presentation will include practical case studies of common planning scenarios.

SECURE Act Impact on Required Minimum Distribution Rules. CARES Act. Contribution plans and IRAs, Roth IRAs. New post-death RMD Rules, Eligible Designated Beneficiaries. What is Majority? See-Through Trust Rules. When are New Post-Death RMD Rules Effective? Planning for Healthy Children. Minors and EDB Status. Planning for Disabled and Chronically Ill
Eligible Designated Beneficiaries – “D/CIDBs”. What is Disabled? What is Chronically Ill? Help for Disabled and Chronically Ill. Applicable Multi-Beneficiary Trusts. Planning for Spouses. Charitable Planning. Excise Tax on Failure to Take RMDs.

Speaker:
Steven E. Trytten, Esq., Managing Partner, LA County, Henderson, Caverly, Pum & Trytten, LLP

Category: Trusts & Estates

Program Materials:

The Trusts & Estates section and all of it’s webinars are sponsored by:
The Sanborn Team
and Geffen Real Estate

This webinar is also sponsored by Glen Oaks Escrow
mkline@glenoaksescrow.com

and California Title Company
mmedina@caltitle.com
teammedina@caltitle.com

#BHBA #MCLE #LegalUpdate #SanbornTeam #NancySanborn #OritGadish #GeffenRealEstate #GlenOaksEscrow #CaliforniaTitleCompany

BHBA Membership starts at $20 per month:

BHBA Membership is FREE for Students and All Attorneys in Practice Under 3 Years. Use the code MBRFREE during checkout to activate your FREE Sustainer Membership: www.bhba.org/membership

Join Beverly Hills Bar Association:

#BHBA #MCLE #LegalUpdate

– – – – –

BECOME A MEMBER & SAVE ON MCLE COURSES

Join Now:
Visit our website:
Call us: 310.601.2422

ABOUT US:
Beverly Hills Bar Association is world renowned and nationally recognized as a leading bar association for lawyer and attorney resources in all areas of law practice, referrals, networking and high quality continuing legal education programs (CLE).

You don’t have to live in Beverly Hills, Los Angeles, California or United States to be a member. You can join us from anywhere in the world.

Build your network, become a leader in your industry and join us today.

We are one block away from Rodeo Drive in Beverly Hills:
Rolex Building, 9420 Wilshire Blvd, Beverly Hills, CA 90212
Call us: 310.601.2422

EDUCATIONAL MCLE PROGRAMS:
Enjoy nearly 200 first-rate continuing legal education programs, seminars and events each year. We create and plan them to be a cut above, with outstanding speakers addressing timely and relevant topics in every practice area. Our Webinars, Live and On Demand program offerings make it possible to meet your requirements at anytime from anywhere.

OUR LIST OF RESOURCES:
NEWS & ARTICLES:
JOIN OUR EMAIL LIST:

FOLLOW US ON SOCIAL MEDIA:
Instagram:
Facebook:
YouTube:
LinkedIn:
Twitter:

HOW TO CHOOSE THE RIGHT BAR ASSOCIATION?
Choosing the right bar association is important and we’d love for you to join our organization. Beverly Hills Bar Association has resources and networking in all practice areas and boasts the largest entertainment law section in the world.

LOOKING FOR LEGAL NETWORKING IN LOS ANGELES?
Beverly Hills Bar Association is a great opportunity to establish yourself and your practice as a leader in the industry. Network with long term industry professionals, make referral connections and become a well known face in your community.

BAR ASSOCIATION NEAR ME?
You don’t have to live in Los Angeles to join, benefit from a top bar association anywhere in the world. Display your Beverly Hills Bar Association badge on your website and hang your BHBA plaque on your office wall. Show your clients you are a leader and an advocate in your practice area.

Schedule a call: 310.601.2422

– – – – – –

DISCLAIMER: The information in this video is not a legal advice, not a legal counsel, and may not be relevant in various territories and/or jurisdictions. As the laws change often, the information in this video may not be relevant at some point of time. No attorney-client relationship is formed by use of this video. The information in this video is for general purposes only.

Image by 3D Animation Production Company from Pixabay…(read more)

LEARN MORE ABOUT: Qualified Retirement Plans

REVEALED: How To Invest During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

HOW TO INVEST IN SILVER: Silver IRA Investing

Estate planning has always been an important aspect of financial planning, especially when it comes to retirement plans. However, with the recent passing of the Setting Every Community Up for Retirement Enhancement (SECURE) Act in December 2019, there have been some significant changes that individuals need to be aware of when it comes to estate planning for retirement plans.

One of the key changes brought about by the SECURE Act is the elimination of the “stretch IRA” provision for beneficiaries of inherited retirement accounts. Previously, beneficiaries of retirement accounts were able to stretch out distributions over their lifetime, allowing for significant tax-deferred growth. However, under the SECURE Act, most beneficiaries are now required to withdraw the entire account balance within 10 years of the original account owner’s death.

This change has major implications for estate planning, as individuals need to consider how their retirement accounts will be distributed to beneficiaries and how it will impact their overall estate plan. One important consideration is the impact on taxes, as beneficiaries will need to plan for potentially higher tax liabilities due to the compressed distribution timeline.

To navigate these changes, individuals may need to revisit their estate planning strategies and make adjustments accordingly. One common strategy that may be used to minimize the tax impact of the new distribution rules is to convert traditional retirement accounts to Roth accounts. Because Roth accounts are funded with after-tax dollars, beneficiaries can inherit these accounts tax-free.

Another strategy is to consider using life insurance to provide for beneficiaries in a tax-efficient manner. Life insurance proceeds are generally free from income tax and can be used to offset the tax liability of distributions from retirement accounts.

Individuals should also review their beneficiary designations on retirement accounts and ensure they are up to date and aligned with their overall estate plan. It is important to consider the tax implications for each beneficiary and their unique circumstances when naming beneficiaries on retirement accounts.

Overall, estate planning for retirement plans under the SECURE Act requires careful consideration and strategic planning. Individuals should work with a qualified financial advisor or estate planning attorney to review their current estate plan and make any necessary adjustments to ensure that their retirement accounts are distributed in a tax-efficient manner and aligned with their overall estate planning goals. By taking proactive steps now, individuals can help ensure that their hard-earned retirement savings are passed on to their loved ones in the most efficient way possible.