Preview Mode Links will not work in preview mode

American Institute of CPAs - Personal Financial Planning (PFP)

May 4, 2022

With the SECURE Act’s 10-year payout rule, it becomes more important to understand how income flows from IRA to trust to beneficiary and the surprising consequences that may arise. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews Jere Doyle, JD, LLM. Jere responds to these questions:

  • From a fiduciary standpoint, what happens when an IRA is payable to a trust?
  • What unintended results can happen when a QTIP or conduit QTIP is in place?
  • Why is flowcharting and spreadsheeting how the estate plan will pay out so crucial to planning?
  • How can separately managed accounts get around the fiduciary accounting income allocation rules?
  • What changes when paying out from a Roth IRA to a trust? 

Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit to access show notes with direct links. 

  • Access the PFP/PFS exclusive Proactive Planning Toolkit to get Bob’s 2022 planning decision charts.
  • Hear more from Bob, Jere, and other top experts at the upcoming Advanced PFP, Advanced Estate Planning, and Advanced Tax Strategies for High Income Individuals Conferences at ENGAGE in June (attend in person or virtually).

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.