July 29, 2020: Natalie Choate, Author of ‘Life and Death Planning for Retirement Benefits’

Natalie B. Choate practices law in Boston, Massachusetts, with the firm of Nutter McClennen & Fish LLP. Her books Life and Death Planning for Retirement Benefits and The QPRT Manual are leading resources for estate planning professionals.

This special special double seminar was held on July 29.

Session 1: Estate planning and drafting for retirement benefits under SECURE

The SECURE Act upended classic estate planning techniques by replacing the “life expectancy payout” with the “10-year rule” for most beneficiaries. Learn your clients’ new limited planning options for spouse, disabled, minor, and other beneficiaries including trusts. The CARES Act cancelled required minimum distributions for 2020, plus provides tax breaks for coronavirus-related distributions; IRS gives a SHORT DEADLINE of August 31 to fix early 2020 distributions. What it all means, what to tell clients, what has (and hasn’t) changed, and what we still don’t know. Plus, new IRS life expectancy tables!  Session handout can be found here.

Session 2: Charitable Giving with Retirement Benefits

Advantages and pitfalls of using retirement benefits to fulfill the client's charitable goals: How to name a charity as beneficiary, which types of charitable entities are suitable ( or not), required minimum distribution issues, IRA-to-charity lifetime gifts (including SECURE change), and using a charitable remainder trust to replace the "stretch IRA" after SECURE. This session includes time for Q&A.