Using Trusts as IRA Beneficiaries in a Post-SECURE-Act World

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The U.S. retirement market is roughly $40 trillion, and almost two-thirds of those assets are held in IRAs and similar defined contribution plans.  Much of that wealth rests in the hands of an aging Baby Boomer generation, and financial advisors will play a critical role in passing these assets along to clients’ beneficiaries as intended, and as tax efficiently as possible. Sometimes, that may require using a trust as an IRA beneficiary. But while these tools can be incredibly effective at protecting and preserving wealth, they can also add considerable cost and complexity to a plan. In this session, attendees will learn about some of the biggest pros and cons of leaving an IRA to a trust, as well as the critical IRA trust rules they must know in light of the recently released Final Regulations, so that they can appropriately guide clients.

​Learning Objectives

Upon successful completion of this learning activity, you will confidently be able to:​

• Understand the difference between the treatment of see-through trusts and non-see-through trusts
• Review the requirements of a see-through trust
• Discover the different types of see-through trusts and how they impact the calculation and taxation of distributions
• Explore the “life cycle” of an IRA Trust
• Identify common mistakes made when trusts are named as a beneficiary

Presenter

Jeffrey Levine, CFP^®, CPA/PFS, ChFC^®, RICP^®, CWS, AIF, BFA™, MSA

CFP^® CE Credit

This content is eligible for one hour of CFP^® continuing education (CE) credit.

If you hold the CFP^® mark and would like to receive CFP Board CE credit for this content, please ensure your CFP^® ID number is entered here.

The College’s Professional Recertification Program (PRP)

This content is eligible for one hour of PRP continuing education credit.

To begin, click on the button below. As you move through the content, make sure to mark each page complete by clicking on the appropriate button, and then click Next Lesson at the bottom of each page. Once you complete the entire activity, the progress bar will show 100%.

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