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CSTC Academy - IRA Fundamentals and the Need for IRA Trusts
Thursday, July 09, 2020, 10:30 AM - 12:10 PM PDT
Category: CSTC Academy

Thursday, July 9, 2020
10:30 AM to 12:10 PM

Topic: IRA Fundamentals and the Need for IRA Trusts
Speaker: Frank Acuña, Attorney at Law
2 Federal Tax Law Hours
IRS: 18QC1-T-01354-20-O
CTEC: 1000-CE-4748

Course Description:
Now that we have a “permanent” estate tax law, our clients’ attention has been diverted to other tax issues. Chief among these; how to reduce the income tax burden associated with Individual Retirement Accounts. This class will provide an overview of income and estate taxation related to IRAs. We will focus particularly on increasing the amount available as an inheritance to charities, children, grandchildren, and others. We will also look at the disastrous Clark v. Rameker decision, which destroyed bankruptcy protection for inherited retirement accounts, and how IRA trusts can provide spendthrift, asset, and bankruptcy protection for any size of a retirement account. Finally, we will highlight expanded services that tax professionals could offer to their clients. Emergency Update: What has the SECURE Act done to retirement account planning! This is a cutting edge class!

Knowledge Level: Overview

Learning Objectives:

#1: Thoroughly understand IRA contribution and distribution rules.

#2: Review distribution and asset protection strategies in light of the SECURE Act's passage. 

#3: Examine situations in which IRA trusts could, or should, be used.

Frank Acuña, Attorney at Law

Frank R. Acuña is a founding partner of ACUÑA ❖ REGLI. He is a California State Bar certified estate planning, trust, and probate law specialist. His practice includes estate planning; inheritance litigation; business succession planning; special needs trusts; and farm, ranch, and vineyard succession planning. Mr. Acuña has taught tax seminars for the National Tax Practice Institute, the California Society of Enrolled Agents, the California Society of Tax Consultants, a number of state and local chapters of the National Association of Enrolled Agents, and the American Institute of Certified Public Accounts. Mr. Acuña also is a featured speaker for the Professional Fiduciary Association of California, the National Guardianship Association, and the California Public Administrators, Public Conservators, and Public Guardians. He advises tax, fiduciary, and real estate professionals throughout the State of California.


Contact: [email protected] or 949-715-4192