Handling Tax-Deferred Accounts at Death: Best Practices for Executors and Beneficiaries
EVENT DATE:
Oct 31,2024
PRESENTER(s): Klaralee R. Charlton
1:00 PM ET | 12:00 PM CT | 10:00 AM PT |
120 Minutes
This presentation would address the tax implications of distributing tax-deferred accounts like IRAs and 401(k)s after the account holder's death, highlighting strategies for minimizing tax burdens and ensuring proper compliance.
Session Highlights:
- Describe the distribution options for inherited retirement accounts for individual beneficiaries, estates, and trusts
- Understand the methods for administering a retirement account as an asset of a trust
- Identify opportunities to distribute income to charitable beneficiaries
- Analyze an estate or trust’s ability to distribute a retirement account to charitable and individual beneficiaries
- Recommend ideal transfer methods for retirement accounts to minimize administration complexity and income taxes
Credits and Other information:
- Recommended CPE credit – 2.0
- Recommended field of study – Taxes
- Session Prerequisites and preparation: None
- Session learning level: Basic
- Location: Virtual/Online
- Delivery method: Group Internet Based
- NASBA Sponsor: 146439
- IRS Course ID: PJGWS-T-00088-24-O
- Attendance Requirement: Yes
- Session Duration: 2 Hours
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
Who Will Benefit:
- CPA
- Enrolled Agents (EAs)
- Tax Professionals
- Attorneys
- Other Tax Preparers
- Finance professionals
- Financial planners
Coder Archives is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Speaker Profile:
Klaralee Charlton is an estate and tax attorney at 3i Law working with clients to effectively plan for the future transfer of assets and efficiently administer assets post-death. She works with clients to visualize their estate planning goals while capturing opportunities to mitigate risk, administrative burdens, and unnecessary tax liability.
After a death, Klaralee works alongside family members to accomplish necessary transfers and ensure reporting obligations are met. Klaralee also partners with legal and accounting professionals on case strategies to minimize tax liability and meet reporting requirements.
She is a frequent speaker on the topics of estate and fiduciary income tax and is an adjunct professor in the University of Denver, Graduate Tax Program.
