Post Death IRA Transactions (Completed)

Date: Thursday, June 30, 2022
Instructor: Klaralee R. Charlton
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm 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

The owner of an IRA has passed away. If an individual is named as the beneficiary, the claims process is relatively straightforward. But what if the owner names a trust, or worse yet, names his estate as the beneficiary or no beneficiary at all. What happens next?

In this course you will learn how to advise clients on their options for claiming a qualified account such as an IRA or 401k. These options are not always explained by financial institutions and sometimes require attorney opinion letters, but they can save clients thousands in tax if applied correctly.

Who Should Attend
Attorneys, CPAs, and Enrolled Agents.

Topics Covered

  • Review of the qualified account rules for beneficiaries both prior to and after the passage of the Secure Act
  • Analysis of the tax consequences of claiming a qualified account
  • Description of the options for taking withdrawals from a qualified account left to a trust with one or multiple beneficiaries
  • Explanation of methods to divide and distribute qualified accounts from a trust or estate to minimize tax and ongoing administrative costs

Learning Objectives

  • Describe the options for beneficiaries to claim a qualified account after the death of an owner
  • Recognize how to advise clients on the methods of dividing and distributing inherited retirement accounts to trust and estate beneficiaries
  • Analyze the tax consequences of applying various distribution rules at the estate and trust level
  • Identify the importance of analyzing the various distribution options to minimize income tax and administrative headaches


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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