Continuing Ed. Joint Meeting with FPA Central PA
"Estate Planning for the Merely Affluent"
"Trusts as Beneficiaries of IRAs"
As the use of trusts in estate planning becomes increasingly popular for both tax and non-tax reasons, and clients continue to accumulate more and more assets in retirement accounts, the use of trusts as beneficiaries of IRAs is increasing desirable and necessary. Unfortunately, though, the rules pertaining to IRAs payable to a trust after death are complex and challenging. In this session, we will explore the unique requirements for IRAs to preserve and maximize their tax deferral after death when a trust is the beneficiary, with details about the rules for trusts to qualify for the IRA’s post-death tax deferral “stretch,” how to calculate the actual post-death required minimum distributions for the trust, and examples of specific wording from sample trusts.
Applications are being submitted for Credits: 3.5 CPA, CFP, PA Insurance: 4.0 CTFA, 3.0 PA Bar (NOTE PA BAR credits for in person only)
12:00 Registration and Lunch
1-4:15 pm Jeffrey Levine
4:15-5:15 Cocktail Hour
Jeffrey Levine, CPA/PFS, CFP, AIF, CWS, MSA
Jeffrey Levine is the Lead Financial Planning Nerd for Kitces.com, and is also the President of Fully Vested Advice, Inc., which provides financial education and consulting services to industry professionals.
Jeffrey is also the Chief Planning Officer at Buckingham Wealth Partners and works closely with their team to create a seamless client experience that makes it easy to plan and instill confidence as they work towards their most important goals. He serves as a technical resource for advisors and the firm’s primary thought leader regarding evidence-based planning concepts and strategies. Buckingham allows him to train and educate hundreds of advisors and support them in their pursuit of helping clients fulfill their financial dreams.
He is a nationally-recognized and award-winning thought leader within the financial planning community.