* You will be able to review the SECURE Act.
* You will be able to recognize the impact on existing trusts.
* You will be able to describe how to restructure existing trusts.
* You will be able to discuss new trust concepts and how they work with SECURE.
Learn how the SECURE Act is changing trust planning and how to best advise your clients with the changes taking place.
The SECURE Act became effective in January and is perhaps one of the most significant changes to trust planning that estate planners have seen in years. The new law will have no impact on some client estate plans, but could have a huge impact on others, and produce unintended and undesirable results. This topic will examine how trusts are traditionally used in planning for retirement benefits, and how the SECURE Act changed this planning. The use of both accumulation and conduit trusts will be explored, including a discussion of which may be more appropriate when planning for a clients spouse, children, and others. This material will discuss how to modify existing trust plans so that the clients objectives are still satisfied, and property isnt forced out of a trust earlier than expected. Additionally, more advanced trust strategies will be described for creating potentially better results than traditional planning now allows.
Overview of the SECURE Act
ï Summary of Major Changes to Existing Retirement Benefits Rules
ï SECURE Act's Limits on the Traditional Income Tax Deferral Provided by Retirement Assets
ï Changes for Retirement Benefits Passing in Trust
Impact on Existing Trusts
ï Trusts Where the Employee Has Already Passed Away ñ No Impact
ï Trusts Created by Living Employees ñ Changes May Be Necessary
How to Restructure Existing Trusts
ï Trusts for a Surviving Spouse
ï Trusts for Descendants or Others
New Trust Concepts and How They Work With the SECURE Act
Jonathan G. Blattmachr with InterActive Legal, and Teresa L. Bush, Esq. with InterActive Legal
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,CPE ,Enrolled Agents ,Additional credit may be available upon request.