Clients need assistance in naming beneficiaries of their retirement accounts. In addition, the rules are not that simple for the beneficiary who inherits a qualified plan, IRA or Roth IRA. In this class we’ll talk about beneficiary choices, how they operate and the consequences of failing to name a beneficiary.
Designated Beneficiary. Primary vs. Contingent. Nonspouse Individual Beneficiary. Beneficiary Trusts After SECURE. QTIP Trust. Trust Tax Treatment. Trust Termination.
CPAs, financial professionals, enrolled agents and attorneys.
Recognize the significance of the Retirement Plan Beneficiary. Determine the reasons a trust may be named as a beneficiary. Learn the difference between a Designated Beneficiary and an Eligible Designated Beneficiary.
This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.
Mary Kay Foss, California CPA Education Foundation
Mary Kay Foss, CPA, a director with Sweeney Kovar LLP, has more than 30 years of practical experience in advising clients about retirement, income and estate planning issues. She is a frequent lecturer for community, professional and business groups and has authored and presented courses for tax professionals throughout California. Foss is past chair of both the CalCPA Estate Planning Committee and the Committee on Taxation. She is a past president of the Estate Planning Council of Diablo Valley, the East Bay Chapter of CalCPA and the Estate Planning Council of the East Bay. She is a member of the AICPA Trust, Estate and Gift Tax Technical Resource Panel and has been quoted in California CPA magazine, as well as national publications.
Non-Member Price $113.00
Member Price $98.00