Why Attend?
- Understand and master the important tax changes brought by the SECURE Act in the area of retirement benefits
- Review the need of clarification on certain provisions of the Act
- Determine how the Act is impacting the existing plans of their clients, and develop strategies to fix what needs to be fixed if necessary
- Understand the new estate planning techniques that are available
On December 20, 2019, the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) was signed into law by the president with some provisions effective immediately, while others became effective on January 1, 2020. It is the most important retirement legislation since the Pension Protection Act in 2006. Several provisions significantly changed the planning and administration of estate and trusts.
The SECURE Act includes substantial changes that impact estate planning for retirement benefits including IRAs, from raising the required minimum distribution from 70½ to 72, eliminating the age limit for contributions to IRAs, seriously limiting the stretch distributions of inherited IRAs, and replacing them with a 10-year payout period. A special category of beneficiaries has been created called Eligible Designated Beneficiaries (“EDB”), providing special benefits for disabled, chronically ill, minor children, and individuals who are less than 10 years younger than the decedent.
This new category of EDB provides new planning opportunities and strategies, and the drafting of “conduit trusts” and “accumulation trusts” should be revisited as drastically impacted by the 10-year payout concept.
| Registration Deadlines: |
| Webcast: |
10 minutes prior to seminar. If you register for a webcast the day of the seminar, your e-mail receipt will include a link to launch the seminar and download the materials. |
| Telephone: |
Online registration ends at 11:59 p.m. the day preceding the seminar
Call (800) 979-8253 to register up to one hour prior to the seminar |
Cancellation Policy: Cancellation/transfer requests will be honored until 5:00 p.m. the day preceding the seminar. You will, however, be charged $40 if you cancel or transfer your registration to a different seminar after the link to the materials has been e-mailed by Virginia CLE.
Full refunds or transfers are available up to two days after a webcast in the unlikely event that you experience technical difficulties.
MCLE Credit Caveat: The MCLE Board measures credits by the time you spend in attendance. If you enter a seminar late or leave it early, or both, you must reflect those adjustments accurately in the credits you report on your credit reporting form. A code will be given at the end of the seminar, which must be written on your MCLE form.
Can't Attend? E-mail
distance_ed@vacle.org to be notified when/if this program is made available as an online or USB seminar.
E-mail
publications@vacle.org to be notified when/if this program's seminar materials are made available for sale.