The Secure Act Is Going to be Enacted this Week: Are You Fully Prepared?

10 DAYS TO THE TEN-YEAR RULE – EVERYONE NEEDS TO RECONSIDER EVERYTHING! 

After much delay and anticipation, the SECURE Act is going to be 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; however, the critical issue is the effective date: 1/1/20. 

This means that everyone with a substantial qualified plan or IRA has less than 10-days 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 in his exclusive LISI Webinar where he will cover the following points:

 

·      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 

Click this link to listen to Bob’s promo: audio link

There will be no CE for this webinar


For those who have a conflict with the date/time, The session will be recorded. Simply register and you will have unlimited access to the recording.

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