After much delay and anticipation, the SECURE Act was enacted as part of the spending bill. The legislation includes many changes to retirement plans, however the most significant change for our estate planning clients is the elimination of the “stretch” IRA in favor of the “10-year rule.” This change will decrease wealth transfer and require estate plan updates. The effective date was 1/1/20.

This means that everyone with a substantial qualified plan or IRA has to reconsider beneficiary designations and trust provisions in order to eliminate the possibility of an avoidable tax disaster. The best way to prepare for this seismic change is to join Bob Keebler.

Specifically, this course will include:

• Flowcharts, checklists and practical protocols to help you and your clients


• Urgent estate administration protocols for late 2019 deaths 


• Urgent protocols to avoid disasters in case of early 2020 deaths 


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


• Reformations and decanting to avoid a spendthrift disaster


• Selecting the right “heir” to receive the IRA


• The new spousal rollover trap and disclaimer planning 


• IRD meets DNI – understanding the taxation of trusts named as IRA beneficiaries


• Examples to explain the quantitative difference under the new law compared to the old


• Using CRTs to maintain deferral and bracket management - the law and the math


• The mathematics of SECURE Act motivated Roth conversions for better bracket management and greater wealth transfer


• Using IRA trusts in low tax states to achieve state tax savings by avoiding or delaying the state taxation of the lump sum payout


• Using single life insurance to enhance bracket management - the unbiased math


• Using Second-to-Die insurance to increase wealth transfer


• Urgent action steps for ill and dying clients including avoiding conduit trusts and using out of state trusts