New SECURE Act impacts your Estate and Trust Planning


Jun 07,2022

PRESENTER(s): Klaralee R. Charlton

1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 240 Minutes
  • Webinar Instruction will be emailed on your registered email address 3 days prior to webinar
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  • Web Download / e-Transcript will be shared in 7 working days from the date of webinar

This program has been approved IRS CPE Credit 4(Taxes)

On Feb. 23, 2022, The U.S. Department of Treasury released proposed regulations, clarifying its interpretation of inherited IRA changes under the SECURE Act. Here’s everything you need to know.

The Proposed Regulations impact a broad spectrum of retirement plans, including qualified defined benefit plans and defined contribution plans (such as 401(k) plans), tax-sheltered annuity plans under Section 403(b) of the Internal Revenue Code (the Code), eligible deferred compensation plans under Code Section 457, and individual retirement accounts (IRAs).

The course will also introduce you to the different types of estate planning documents you will encounter and describe the tax reporting requirements associated with each including Wills, Revocable Trusts, Irrevocable Trusts, and will review the types of assets normally transferred by taxpayers at death including real estate, business interests, life insurance, and retirement accounts and how each interact with the taxpayer’s estate plan

Session Highlights: 

  • What to do when an IRA is Payable to a Designated Beneficiary Trust
  • The Impact of ERISA, REA and Community Property
  • Using out of State Trusts to Reduce State Income Taxes
  • Explain the difference between a Will, Revocable Trust, and Irrevocable Trust.
  • Learn how a taxpayer’s assets are transferred when a client structures his estate plan with a Will versus a Trust.
  • Analyze the transfer process for the main assets of a Taxpayer’s estate and the tax consequences associated with each.
  • Determine which estate planning techniques are advisable for clients in different situations and when clients should take action to make changes.
  • Identify tax saving opportunities for clients to pursue both before and after a death.
  • Drafting beneficiary forms for multiple children and trusts
  • How the rules impact planning with trusts and trusts as beneficiaries
  • Identify planning strategies and next steps for your relevant clients
  • Live Q&A session will be held after the event.

Credits and Other information:

    • Recommended CPE credit – 4.0
    • Recommended field of study – Taxes
    • Session Prerequisites and preparation: None
    • Session learning level: Basic
    • Location: Virtual/Online
    • Delivery method: Group Internet Based
    • IRS Course ID: PJGWS
    • Attendance Requirement:  Yes
    • Session Duration: 4 Hours
    • Case Studies and Live Q&A session with speaker
    • PowerPoint presentation for reference

    Who Will Benefit:

    • CPA's
    • Tax and Estate Planning Attorneys
    • Accountants
    • Registered Agents
    • Tax Compliance Managers
    • Other Tax Professionals
    • Finance Professional
    Speaker Profile:
    Klaralee Charlton is a Shareholder with Katz, Look & Onorato, P.C. where she practices fiduciary tax, estate administration, and business transactional law. As part of her practice, Ms. Charlton guides clients through the process of administering a loved one’s estate including the collection, valuation, management and transfer of assets including financial accounts, real estate, and business interests with a focus on minimizing estate and income tax liability. She also works closely with trustees of ongoing trusts to ensure compliance and prepares clients’ fiduciary income tax returns annually.

    Klaralee has written and lectured on topics including estate and gift tax, fiduciary income tax reporting and U.S. regulations governing the valuation of small family businesses. She previously served as Chair of the Colorado Bar Association, Tax Section and President of the Greater Denver Tax Counsel Association. She earned her J.D. from the University of Utah, S.J. Quinney College of Law, her LL.M. in Tax Law from the University of Denver, and her B.A. in political science from Bryn Mawr College. She is admitted to practice in both Colorado and Montana.

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