As a result of the SECURE Act signed into law in December 2019, most non-spouse beneficiaries have lost the ability to extend their inherited IRA payments over a long period of time by using the Single Life Expectancy Table.

Beginning for beneficiaries of owners who died in 2020 or later, non-eligible designated beneficiaries can only extend their payout over 10-years. The most confusing aspect of this change is the transition of Single Life Expectancy to a 10-year Payout.

We will delve into who is 'grandfathered' by the old rules and who must use the new rules.What You'll Learn:What You Will Learn

• What are the 3 new categories of beneficiaries to determine payout options?
  
• Which beneficiaries are 'grandfathered' under the old rules for the Single Life Payout?
  
• What obligations do we have to monitor a 10-year payout option?
  
• Who must take the RMD of the deceased owner in the year of death?
  
• Why is it so important that we report death distributions correctly?
  
• How do we set up an Inherited IRA properly?
  
• What happens to a beneficiary in Single Life payout dies after 2019?
  
• What happens if the beneficiary does not close his/her Inherited IRA in 10 years?
  
• How do the new payout rules affect a trust or estate beneficiary?
  
• What happens when a successor beneficiary inherits an IRA?
  
• How do we recalculate beneficiary Single Life Payouts using the new tables?

Who Should Attend?
Everyone who answers customers or beneficiary questions should attend this informative Webinar including: Customer Service Reps, Operations Dept., Call Center Reps, Legal Counsel, Trust and Investment Officers, Branch Managers and anyone who would like a thorough discussion of the most legal aspects of IRA payouts after the owner's death.