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  • Course Book

Charitable Trusts as Beneficiaries of Your IRAs After the SECURE Act 2021

Available: In Stock
Price: $49.00
Item Code: 11283-BK


For those that have a significant IRA and/or a retirement plan, there is a provision in the SECURE Act that can trigger a massive income tax acceleration after their death for their children. A Charitable Remainder Trust (CRT) may provide a powerful defense to this tax increase.

These materials will provide a better understanding of whether a CRT would provide a good option and help you identify which of your clients could benefit from this solution.

Summary of Contents

  •  What You’ll Discover
  • Three Charitable Planning Techniques
  • Who Gets What?
  • Basic Strategy that Most Estate Planners Botch
  • Charities Don’t Care the Form of Their Bequests
  • All These Potential Gifts Are the Same to Charity
  • Heirs Do Care About the Tax Implications of a Gift
  • Examples of Inheritances with Enormous Tax Differences for Heirs
  • Easy Method to Save $24,000 in Taxes on a $100,000 Bequest
  • What We Almost Always See in Estate Plans
  • Cost of Bequest to Heirs
  • Alternate Strategy
  • Benefit to Charity in Both Methods
  • Cost of Bequest to Survivors — Leaving Money Through Will
  • Cost to Heirs if Charity Receives IRA
  • Alternate Idea If Client Was Happy with Heirs Receiving $100,000 Less
  • Switch Who Gets What
  • Questions on Who Gets What?
  • Pay Taxes Later Except for the Roth IRA
  • Dire Consequences of the SECURE Act
  • Massive Income‐Tax Acceleration to Non‐Spousal Heirs
  • SECURE Act ― Potential Impact to Child
  • Exceptions to Income Acceleration
  • Charitable Remainder Unitrusts (CRUTs)
  • CRUTs After the SECURE Act
  • CRUT vs. Kids as Beneficiary of IRA
  • Charitable Trusts
  • CRUT vs. CRAT
  • Problem with CRAT
  • CRUT vs. CRAT
  • Factors Favoring CRUTs as IRA Beneficiaries
  • Factors Against CRUTs as IRA Beneficiaries
  • Special Message from Shirl Trefelner, CPA, CSRP
  • Client Desires Override Math
  • Great When You Need Trust Anyway
  • So, CRUT or Just Leave to Kids?
  • Questions on CRUTs or Anything Else?
  • Cool Idea that Extends Beyond CRUTs
  • Qualified Charitable Distributions (QCDs)
  • QCDs
  • Questions on QCDs or Anything Else?
  • So Far, You’ve Discovered
  • Claim Your Free Bonuses
  • How to Claim Your Bonuses

Practice Areas
Published: 1/26/2021
Pages: 46
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