Overview
Lost among the chaos of 2020 is a massive shift in estate planning that could only further be uprooted with the tax and administrative changes proposed from the Biden Administration. While the SECURE Act grabbed headlines because it changed trust and beneficiary planning for many retirement accounts, including the removal of the stretch IRA in many cases, this brought on a need to review estate plans, beneficiary designations, and trust set ups.
Additionally, Covid-19 uprooted a lot of family, business, and other plans. Making even things as simple as signing documents harder. We also saw the growth and prominence of crypto currencies which present their own unique digital estate planning challenges.
Looking forward, a change in step-up in basis rules, higher capital gains taxes, and a modification (up or down) of estate taxes would have wide ranging impacts.
The presentation will cover the Biden Administration tax and estate proposals and how to start thinking about planning in relation to these potential changes. Additionally, the presentation will look at cryptocurrencies and what are the best practices for holding and managing these accounts today as part of a digital estate. We will explore how the legal world has evolved through the adoption of RUFADAA and the SECURE Act’s impact one estate planning.
Learning Objectives
- Better understand how the legal changes in the SECURE Act and CARES Act as it relates to estate planning
- Better understand the basics of what it means to have a digital estate plan in place
- Better understand why many trusts need to be updated in light of a recent technology, legal, and other advances
- Define the importance of terms of service agreements (TOSAs) as it relates to estate planning
- Determine how to handle the Biden Administration estate planning changes
- Review how to incorporate life insurance trusts and charitable trusts into a rising estate tax environment
Featured Speaker
Jamie Hopkins, Esq., MBA, CFP®, LLM, CLU®, ChFC®, RICP®
Jamie Hopkins is the Managing Director of Carson Coaching and Director of Retirement Research at Carson Group, a national wealth management firm that offers coaching and partnership to financial advisors. A nationally recognized writer, researcher and educator, Jamie is a regular contributor for Forbes, InvestmentNews and MarketWatch. He has been published in dozens of financial, educational and legal journals, and he’s the media’s go-to expert on retirement income planning and tax law.
Registration Fee: $19
CE Credits: There are no CE credits available for this program.
Note: The webinar will be available in the Downloads area of My Account for unlimited viewing.
