Overview
2020 has been a momentous year. In the first-half, the SECURE and the CARE Acts by themselves made year-end planning far more complex. The second-half of the year gave us a momentous election that has tremendous financial implications for our clients given the huge gap in tax policy between the two parties.
Whether you’re a financial advisor, life insurance agent, CPA or attorney, you’ll need to advise your clients as to the best course of action in 2021 and beyond. The best way to get clients and advisors up to speed is with Bob Keebler’s customizable PowerPoint bundle.
Bob’s decks provides you with ideas, tips and strategies to help your clients and their other advisors act to minimize tax liabilities, and Bob’s PowerPoint decks will save you substantial time and opportunity cost by allowing you to move promptly to teach and counsel your clients and other members of the advisor team.
Deck #1: Georgia Senate Results – Opportunities &Tax Planning Income & Estate Tax Planning
- President Biden’s tax policy proposals
- Tax increases on over $400,000 of income
- Taxes on capital
- Proposal to expand Social Security tax
- Proposal to expand 39.6% rate
- Return of the SALT deduction
- Proposal to cap itemized deductions to a 28% tax benefit
- Proposal to add a new Section 199A deduction phaseout
- Proposal to eliminate basis step-up
- Business income tax increases
- Comprehensive checklist of way to prepare
- Gain & lost harvesting
- Roth conversions
Deck #2: Georgia Senate Results – Opportunities & Tax Planning Estate Tax Planning
- Proposal to eliminate the Section 1014(a) basis adjustment at death
- Exemption reduction & rate increases
- New limits on GST Trusts
- Elimination of valuation discounts
- Elimination of short-term GRATs
- Inclusion of grantor trust assets in grantor’s estate
- Estate planning techniques in early 2021: How to take advantage of current law
Deck #3: Using IRAs Payable to Charitable Remainder Trusts after the SECURE Act
- Pre-2020 law
- Review of SECURE Act 10-year rule
- Types of CRTs
- Charitable remainder annuity trust (CRAT)
- The beneficiaries receive a fixed percentage of the initial trust value or a stated amount annually or more frequently.
- The amount paid doesn’t change from year to year.
- The annual payment must be 5-50% of the fair market value of the assets at the time of contribution.
- The term of the annuity can be:
- For a term up to 20 years
- Over the life of the annuitant(s)
- Over the shorter of the two
- Over the longer of the two
- Charitable remainder annuity trust (CRAT)
- Charitable remainder unitrust (CRUT)
- Income beneficiaries receive a stated percentage of the trust’s assets revalued each year.
- The distribution will vary from year to year depending on the investment performance of the trust assets and the amount withdrawn.
- Taxation of distributions
Deck #4: Life Insurance Planning Techniques after the SECURE Act
- IRA Roth conversion insurance hedge
- IRA relocation: Replacing an IRA with insurance
- Policy structure
- Terminal tax deferral
- Tax-free compounding of yield
- No Roth RMDs during life
- Post-mortem Roth earnings
Deck #5: Roth Conversions in 2021 with Commentary on SECURE
- General concepts
- Taxation of Roth IRA conversions
- Taxation of Roth IRA distributions
- Mathematics of Roth IRA conversions
- Estate tax considerations
Deck #6: The SECURE Act Responding to the “10-Year Rule”
- The 10- year rule
- Managing the income tax consequences of the 10-year rule
- The conduit trust disaster
- Planning techniques
- Multi-generational spray trusts
- Roth conversions
- Spousal rollovers and the new spousal rollover trap
- IRAs payable to CRTs
- IRA trusts for state income tax savings
- Life insurance solutions
Registration Fee: $249
Author: Bob Keebler
CE Credits: There are no CE credits available for this program.
Note: Purchase includes access to the customizable slide decks.
