JAMES LANGE PRESENTS:
The Best Estate Plan for Married IRA Owners after the SECURE Act: Our Tax-Savvy Thinking
This webinar will offer guidelines for what we think is the best estate plan for married IRA and retirement plan owners after the potentially devastating changes the SECURE Act has made to the Tax Code.
Here's an overview of what we'll cover:
A Clear Explanation of the Tax Consequences of the SECURE Act:
• The profoundly negative impact of the SECURE Act on Required Minimum Distributions of Inherited IRAs and retirement plans.
• How will this change diminish your legacy, and what you can do to minimize its impact.
• Depending on the election outcome, the federal estate tax exemptions are likely to change. In 2020 the exemption stands at $11.58 million per person. That exemption “sunsets” in 2025 and reverts back to $5 million for an individual taxpayer. We will cover strategies for that eventuality.
• Should your heirs inherit your IRA directly, or would naming a trust be safer?
• Surprise Finding: Charitable Remainder Trusts—even if you are not charitably inclined—could be financially advantageous for your family.
• What you should do if you have children of unequal financial strength?
• A unique multi-generational plan that could save hundreds of thousands of dollars for the grandchildren.
James Lange
James Lange is a 7 time best selling author and his upcoming book is all about beating the new death tax. Jim was one of the first IRA experts in the country to address the impending death of the stretch IRA.
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