Income Tax and Estate Trust Administration for Large IRAs Part I

Dealing with an estate or trust from an income tax standpoint can be tricky
enough in and of itself. Unfortunately, estates and trusts become exponentially
more complicated when an IRA (or other qualified retirement plan) is involved.
Nevertheless, with a decent understanding of the core tax rules, one should be
able to navigate the troubled waters of post-mortem IRA distribution planning.
This session will cover:
• Understanding and identifying “qualified designated beneficiaries”
• Understanding when the “required beginning date” (RBD) starts for
spousal beneficiaries and non-spousal beneficiaries
• Calculating required minimum distributions (RMDs) for spousal beneficiaries
and non-spousal beneficiaries
• Understanding the “inherited IRA” concept and its benefits