The SECURE Act has killed the inherited stretch IRA for most beneficiaries. Most inherited retirement accounts will instead have to be liquidated within ten years of death. Estate planners are looking at CRTs (which are tax-exempt trusts) as a vehicle to make a major charitable gift and also provide a lifetime of income to a person’s descendants.
Outcomes:
- The tax rules have been dramatically changed for inherited retirement accounts. Learn what they are.
- Learn if and when a CRT can solve a family estate planning problem under the new laws and also make a major charitable gift.
Agenda:
7:30 – 7:50 am Registration/Breakfast
7:50 – 8:00 am Announcements
8:00 – 9:00 am Program
Christopher Hoyt is a Professor of Law at the University of Missouri Kansas City) School of Law where he teaches courses in the area of federal income taxation, charitable organizations and retirement plans.
Previously, he was with the law firm of Spencer, Fane, Britt & Browne in Kansas City, Missouri. He received an undergraduate degree in economics from Northwestern University and he received dual law and accounting degrees from the University of Wisconsin.
Professor Hoyt is currently the Chair of the American Bar Association’s Charitable Group (Section of Trusts and Estates) and he serves on the editorial board of Trusts and Estates magazine. He is an ACTEC fellow and has been designated by his peers as a “Best Lawyer”. He was elected to the Estate Planning Hall of Fame by the National Association of Estate Planners & Councils.
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