Automatic Update Service


This book is included in PBI’s automatic update service. PBI will publish supplements or new editions as appropriate to keep the book up to date. We will send you a notice when a new edition is available. You will then have the option to purchase the supplement or new edition at a discounted rate or decline the offer, with no further obligation.

Click to review/change your Automatic Update status.

  • Downloadable Course Book

Charitable Trusts as Beneficiaries of Your IRAs After the SECURE Act 2021 (Electronic Download)

Quantity:
Available: In Stock
Price: $49.00
Item Code: 11283-DL

About

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
©2021 Pennsylvania Bar Association. All rights reserved unless otherwise provided in a separate agreement. Unauthorized use, duplication, republication or redistribution of this material is strictly prohibited without the prior express written consent of the Pennsylvania Bar Association.