This session is a late addition and is not included in the CLE approved for this event. 

In the biggest bill for retirement planning in years, Congress is poised to change the law for life expectancy payouts to either a five- or ten-year payout.  This legislation has strong bipartisan support and is supported by the President. 

Lawyers will need to quickly pivot with innovative strategies for this new paradigm. If you wait until this bill is signed before beginning to pivot you will miss the 2019 planning opportunities. This class will cover:

 1) Understanding the dynamic change in life expectancy payouts on traditional and Roth IRAs

 2) Designing IRA trusts and the terrible payout result with RMD conduit trusts - the law and the math

 3) Decanting and reforming conduit trusts and even accumulation trusts

 4) Important UPIA “income” issues

 5) The impact of the loss of deferral and bracket compression on wealth transfer planning

 6) Using CRTs to maintain deferral and bracket management - the law and the math

 7) Roth conversions for better bracket management and greater wealth transfers

 8) Using IRA trusts in low tax states to achieve state tax savings by avoiding or delaying the state       

 taxation of the lump sum payout                                                                                                                                                            

 9) Using single life insurance to enhance bracket management - the unbiased math

10) Using Second-to-Die insurance to increase wealth transfer

11) Urgent action steps for ill and dying clients including avoiding conduit trusts and using out of state trusts.

12) Charitable remainder trust strategies for the mass-affluent and the wealthy