Speaker: Patti S. Spencer, Esq.
Description: The SECURE Act became law on December 20, 2019 and has radically changed estate planning for qualified plans and IRAs. The life expectancy pay-out sometimes referred to as the Stretch-out is gone and replaced with a 10 year payout rule. There are 5 notable exceptions. The SECURE Act impacts how planners will approach spousal rollovers, disclaimers, income tax planning and beneficiary payouts for IRAs and Roth IRAs. When a client dies with an IRA or qualified plan the estate’s advisors must balance the tax law, including the Secure Act, with a variety of financial and property law issues. Attend this seminar and learn how to advise your clients after this new legislation.