Options upon the Death of a DB Pension Plan Member
KNOWLEDGE EXPECTED OF: CFP® Professionals Only
- Estimate the tax impact resulting from the death of a defined benefit pension plan member.
- Explain how each of the factors may impact the suitability of options for the capital property held within a defined benefit pension plan at the death of the plan member.
- Beneficiary designations
- Instructions contained in the deceased’s will
- Estate cash flow needs
- Estate planning opportunities
- Liquidability of assets
- Tax impact
- Evaluate how each of the factors may impact the suitability of options for the capital property held within a defined benefit pension plan at the death of the plan member.
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