Under UPIA and UPAIA, trustees have the fiduciary responsibility to both grow and protect the trust. The problem is both of these rules are prescriptive—neither law addresses the impact of taxes on a trustee’s fiduciary responsibility to grow the trust.
This webinar will shed light on the trustee’s dilemma regarding trust taxation, and outline strategies that are being used to address the impact. Register to attend and you will learn:
- Where We are: Trusts, Taxes, and Challenges
- How a Trust can Leverage Tax Deferral
- How Specific Trusts Benefit from Tax Deferral
- IRA Strategy for creditor protection
* Tax deferral offers no additional value if an annuity is used to fund a qualified plan, such as a 401(k) or IRA, and may be found at a lower cost in other investment products. It also may not be available if the annuity is owned by a legal entity such as a corporation or certain types of trusts.
Kurt Kauffman and Jackson are not affiliated with Trust & Estates.
Neither the presenter, the presenter's employer, nor any of their affiliates should be considered to be providing legal, tax or estate planning advice. For questions regarding a specific situation, please consult a qualified advisor.
Please note that insurance products (i.e., annuities) may be discussed at this event, and your financial professional may contact you following the event.
Annuities are long-term, tax-deferred vehicles designed for retirement. Variable annuities involve investment risks and may lose value. Earnings are taxable as ordinary income when distributed and may be subject to a 10% additional tax if withdrawn before age 59½.
This material was prepared to support the promotion and marketing of Jackson® variable annuities. Jackson, its distributors and their respective representatives do not provide tax, accounting or legal advice. Any tax statements contained herein were not intended or written to be used, and cannot be used, for the purpose of avoiding U.S. federal, state or local tax penalties. Clients should contact their own independent advisors as to any tax, accounting or legal statements made herein.
For professionals seeking Florida credits: An entity that is required to be licensed or registered with the Florida Office of Insurance Regulation but is operating without the proper authorization is identified as an unauthorized insurer. All persons have the responsibility of conducting reasonable research to ensure they are not writing policies or placing business with an unauthorized insurer. Any persons who, directly or indirectly, aid or represent an unauthorized insurer can lose their licenses or face other disciplinary sanctions. Please see section 626.901, Florida Statutes, to read the laws. Lack of careful screening can result in significant financial loss to Florida consumers due to unpaid claims and/or theft of premiums. Under Florida law, a person can be charged with a third-degree felony and also held liable for any unpaid claims and refund of premiums when representing an unauthorized insurer. It is the person's responsibility to give fair and accurate information regarding the companies they represent.
Jackson is the marketing name for Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase New York). Jackson National Life Distributors LLC.
This piece is meant to provide education on the content being presented and is intended for an audience with a basic understanding of the financial industry. It is not intended for use with the general public.
OSJ: 300 Innovation Drive, Franklin, TN 37067
*CFP, CIMA®, CPWA®, and AEP® CE Credits have been applied for and are pending approval.
Kurt Kauffman, JD, LLM (Tax)
Managing Director, Private Wealth & Trust
Jackson National Life Distributors LLC
Susan Lipp - Moderator
Editor in Chief
Trusts & Estates