ACTEC Trust & Estate Talk IRA Estate Planning Ideas to Discuss with Your Clients
9 snips
Mar 4, 2025 Natalie Choate, an esteemed ACTEC Fellow and retirement benefits estate planning expert, shares invaluable insights on IRA estate planning. She delves into the tax implications of retirement assets and the importance of strategic beneficiary designations, especially post-SECURE Act 2019. Natalie discusses the new 10-year rule for IRA distributions and highlights advanced strategies like Teapot Trusts and charitable remainder trusts to enhance tax efficiency for heirs. Her expertise provides critical advice for professionals looking to benefit their clients.
AI Snips
Chapters
Books
Transcript
Episode notes
10-Year Rule Impact
- Inherited IRAs are now subject to the 10-year rule, requiring full distribution within a decade.
- This accelerated timeline significantly increases the tax burden on beneficiaries.
Spousal IRA Benefits
- Maximize tax benefits for spouses by utilizing spousal rollovers or conduit trusts.
- Conduit trusts offer life expectancy payouts, further reducing tax burdens.
Life Expectancy Payouts
- Explore life expectancy payouts for disabled beneficiaries, those close in age to the deceased, or minor children.
- These beneficiary categories offer opportunities for tax-efficient distributions.
