This year, The Foundation has been offering free Estate Planning Teleconferences through Cannon Financial Institute. The last class in the series will be offered Tuesday, November 17 from 1-2:30 pm at The Foundation’s office (541 Loyal St., Danville). Lunch will be provided for each participant who attends, so registration is required by Thursday, November 12.
Qualified Retirement Plans and IRAs – Planning Under SECURE 2.0 Act of 2022 and 2024 Final Regulations
Many clients have sizable accumulations in qualified retirement plans and IRAs. This is a unique type of asset that presents potential opportunities and difficulties in the estate planning context. The ultimate beneficial objective is to maintain as much of the plan or IRA intact for as long as possible – in order to maximize income tax deferred investment return – while preserving as much dispositive flexibility as possible. This quest is often elusive. This webinar will address the following critical components of this estate planning subspecialty:
- Determining required beginning date, required minimum distributions and designated beneficiaries
- Features of conduit trusts, accumulation trusts and applicable multi-beneficiary trusts
- Powers of appointment and trust modifications (or potential for trust modifications)
- Taking maximum advantage of special rules available only to an employee/participant’s spouse
- Avoiding penalties applicable to qualified plans and IRAs
This free course provides up-to-date estate planning information for attorneys, CPA’s and CFP’s. Each program is approved for 2.0 credits for CTFAs and 1.5 credits for attorneys, CPAs and CFPs. These classes are approved for all Cannon designations as well as for CIMA, IRS EA and AIF.
To register, email Carole Holland or call our office at 434-793-0884.