Retirement accounts such as IRAs and qualified plans often represent a significant portion of a client’s wealth, yet naming a trust as beneficiary of these assets is frequently misunderstood and incorrectly administered. With the changes introduced by the SECURE Act and SECURE 2.0, the rules governing post death distributions have become more complex—making careful planning and administration essential to avoid unnecessary income taxation and compliance missteps.
This course provides tax and financial professionals with practical guidance on the taxation and administration of retirement plan assets payable to trusts. Participants will explore how beneficiary designations interact with trust terms, how trustees should properly claim and administer retirement accounts, and how fiduciary accounting and Form 1041 reporting apply to retirement plan distributions. Special emphasis is placed on planning techniques that mitigate income tax exposure while preserving beneficiary intent and complying with statutory requirements.
Attendees will gain actionable strategies they can confidently apply when advising clients, serving as trustees, or administering estates and trusts holding retirement plan assets.
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2029 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card