Beneficiary Designations in Estate Planning: Transfer on Death, Payable on Death, IRAs, SECURE 2.0, Best Practices
Recording of a 90-minute CLE/CPE video webinar with Q&A
This CLE/CPE webinar will provide trusts and estates counsel and advisers an in-depth analysis of critical issues and challenges of beneficiary designations in estate planning. The panel will discuss the legal and tax implications of beneficiary designations, key considerations in transferring probate and non-probate assets, the tax consequences of beneficiary designations, managing retirement accounts in light of the SECURE 2.0, the use of trusts, and other critical issues for estate planners.
Outline
- Common beneficiary designation issues
- Probate vs. non-probate assets
- TOD and POD designations
- IRA beneficiary considerations and distributions under SECURE Act and SECURE 2.0
- Tax implications
- Trusts as beneficiaires
- Best practices for handling beneficiary designation errors
Benefits
The panel will review these and other critical issues:
- When do beneficiary designations trump heirs outlined in a will?
- How SECURE and SECURE 2.0 distribution rules affect the tax consequences of inherited IRAs
- What are common errors when naming beneficiaries, and how can they be avoided?
- When should a trust be a named beneficiary?
Faculty
Jennifer V. Abelaj
Founder
Abelaj Law
Ms. Abelaj has a combined background in business, tax, and the law. She started her career as a Certified Public... | Read More
Ms. Abelaj has a combined background in business, tax, and the law. She started her career as a Certified Public Accountant with Ernst and Young and continued practicing as a CPA at two worldwide investment banks. In her legal career, Ms. Abelaj worked at both large and boutique law firms practicing in Trusts and Estates and Non-Profits. She has significant experience advising high net worth clients, both domestic or with an international footprint. She has worked with non-profit boards, executive directors, and lobbying groups.
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Britt Burner
Partner
Burner Prudenti Law
Ms. Burner, Esq. is a partner at Burner Law Group, P.C., a boutique law firm concentrating in the areas of Elder Law,... | Read More
Ms. Burner, Esq. is a partner at Burner Law Group, P.C., a boutique law firm concentrating in the areas of Elder Law, Estate Planning, Trusts and Estates, and Real Estate. Serving clients from New York City to the East End, she has been named a Super Lawyers Rising Star, and an Outstanding Woman in Law by Hofstra University. Ms. Burner serves as Vice Chair of the Elder Law and Special Needs Planning section of the New York State Bar Association. She also serves as a Charter member of the Advisory Council of the Katz Institute for Women’s Health at Northwell.
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