• Webcast

Charitable Trusts 2021

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STARTTue., Jan. 26, 2021
9:00 AM
ENDTue., Jan. 26, 2021
12:15 PM
CLE 3 sub/0 eth PRICE Regular: $249.00
New Attorney: $125.00
Subscribers Pay: $0.00


If you have a significant IRA and/or a retirement plan, you need to know about a provision in the SECURE Act that will trigger a massive income tax acceleration for your children after you die.

Depending on the “family fit,” it could make the difference between your children having hundreds of thousands of dollars or running out of money. While there are a number of other important things that you can do to defend your family from this abysmal change in the law, this webinar will concentrate on one of, if not the most powerful defense: Charitable Remainder Trusts (CRT). Yes, we are taking advantage of what may be an unintended loophole, but it could be incredibly consequential for both families and charities. 

Naming a CRT as the beneficiary of your IRA (after your spouse) could be a great solution for your own estate plan and/or for some of your clients. In many situations, your children would actually get greater benefits if you left your IRA to a CRT than if you left your IRA directly to your children.  

The tax savings and other advantages of the CRT are well worth exploring even if protecting your spouse and your children is the primary focus of your estate plan. If you also have some charity in your heart, the advantages of the CRT can be enormous.  

Many lawyers and many other professionals like the idea of providing their children with a secure supplemental annual income for the rest of their lives. The “stretch IRA” used to be the perfect solution but the SECURE Act, subject to exceptions including the CRT, has killed that option. But the CRT as a beneficiary of your IRA cracks open a path to replicating some of the advantages of the old “stretch IRA.” It also offers the same benefits as other creditor protection trusts. After completing this course, you will have a better understanding of whether a CRT would be a good choice for your family and help you identify which of your clients would be good prospects for this solution.  

We will do a deep dive into the math during the webinar, but here is a taste. Given reasonable assumptions, including significant annual spending, your child could have over $400,000 at age 81 if you leave your million-dollar IRA to a CRT as the beneficiary of your IRA. Your favorite charity would get also receive more than $400,000 at your child’s death. Given those same assumptions, if you named your child outright as the beneficiary of your IRA, at age 81 your child would be broke and your charity would get nothing. The big loser with the CRT is the IRS.  

The Biggest Mistake Most Attorneys Make When Drafting Charitable Bequests

We will also cover what has become a standard drafting mistake that practically every attorney makes when providing for charity in their clients’ wills and trusts. Tune in to find out how you can save your family and your clients a lot of money with this easy drafting change. 

Bonuses for Attendees 

All attendees will receive digital versions of three of Jim Lange's books. Jim’s new book, The IRA and Retirement Plan Owner’s Guide to Beating the New Death Tax: 6 Proven Strategies to Protect Your Family from The SECURE Act, will be mailed to your home or office as part of your tuition.  You really don’t want to miss this webcast. Even if you end up rejecting the CRT for your estate plan, at least you will have all the information to make an intelligent choice. Since it is a specialty webcast, it is not likely to be repeated during 2021. 



Practice Areas


James Lange J.D., CPA Lange Legal Group LLC
Faculty may vary by location.
PBI reserves the right to substitute speakers at all programs.
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