Trusts as Retirement Plan Beneficiaries

Overview

Professional work rarely fails because of effort. It fails because the finish was never defined. In Turn Work Into Results, you will learn how to translate ambiguous requests into outcome-driven deliverables using the Name the Finish framework, a four-element system for clarifying scope, decision criteria, and measures of success before a single task begins. Through a realistic professional services case study, you will see how unclear expectations create rework and erode credibility at every level, and you will leave with a practical tool you can apply to the next deliverable in front of you.

Highlights

• What is the significance of the retirement plan beneficiary —
• Primary vs. contingent beneficiaries
• Is a trust a "designated beneficiary" —
• Why do people want to name a trust as the beneficiary —
• Income tax aspects of trusts as beneficiary
• What happens when the trust beneficiary dies —

Prerequisites

Working knowledge of estate issues and retirement plans preferred.

Objectives

• Recognize categories of retirement plan beneficiaries
• Identify the types of trusts used and their tax characteristics
• Determine how retirement distributions are reported by various types of beneficiary trusts

Notice

This is a self-study/on demand course offered by a 3rd party vendor and will NOT be accessible in the My Upcoming CPE section of the ISCPA website. Course access information will be emailed directly to you by CalCPA. The course expires one year from the purchase date. Format = Online Self-Study.