Post Death IRA Transactions (Completed)

Date: Wednesday, June 16, 2021
Instructor: Klaralee R. Charlton
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC
2 hours Estate Planning for CFP

Naming the right beneficiary of a qualified retirement account is ideal but it doesn’t always happen. When clients make mistakes or circumstances change, practitioners can help their clients by identifying ways to administer or transfer inherited retirement accounts after the death of the original owner. In this course we will review the inherited retirement account rules pre- and post-Secure Act and identify methods of administering or transferring retirement accounts after death to minimize income tax and meet client goals.

Who Should Attend
Attorneys, CPAs, and Enrolled Agents.

Topics Covered

  • Choosing the right beneficiary during life for qualified retirement accounts
  • Claiming retirement accounts as a named individual beneficiary
  • Administration of estates and trusts named as beneficiaries of qualified retirement accounts
  • Calculating fiduciary accounting income for inherited retirement accounts
  • Distribution of inherited retirement accounts among estate and trust beneficiaries
  • Allocating income from retirement accounts to charitable beneficiaries

Learning Objectives

  • Describe the distribution options for inherited retirement accounts for individual beneficiaries, estates, and trusts
  • Recognize and apply the methods for administering a retirement account as an asset of a trust
  • Identify opportunities to distribute income to charitable beneficiaries
  • Recognize and analyze an estate or trust's ability to distribute a retirement account to charitable and individual beneficiaries
  • Identify how to recommend ideal transfer methods for retirement accounts to minimize administration complexity and income taxes


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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