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Estate Planning › SECURE Act

Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the... more +
Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process.  less -
ArentFox Schiff

What Private Companies Need To Consider in 2024: Top 10 Legal Issues

ArentFox Schiff on

Private companies and their owners face ever-evolving challenges as the market sees new regulations, new deal trends, and new risks in 2024. Below are 10 issues that the owners and leaders of privately held companies should...more

Kohrman Jackson & Krantz LLP

Mastering Retirement Planning: Strategies for 401(k), IRA, and Tax-Free Growth

Kohrman Jackson & Krantz LLP on

In addition to employer-sponsored retirement accounts such as 401(k) and 403(b) plans, many people choose to save additional retirement assets in Individual Retirement Accounts (IRAs). Regardless of your stage in life, it is...more

Shutts & Bowen LLP

SECURE 2.0 and Protecting Your Designated Beneficiaries

Shutts & Bowen LLP on

The Setting Every Community Up For Retirement Enhancement Act (SECURE Act) was attached to a spending bill (the Further Consolidated Appropriations Act of 2020, or FCAA) and signed into law on December 20, 2019, taking effect...more

Proskauer Rose LLP

Personal Planning Strategies - November 2023

Proskauer Rose LLP on

What This Means for Your Current Will, Revocable Trust and Estate Plan - The estate and gift tax regimes have been permanent and unified since the passage of The American Taxpayer Relief Act of 2012 (the “2012 Act”). In...more

Proskauer Rose LLP

Wealth Management Update - September 2023

Proskauer Rose LLP on

September 2023 AFRs and 7520 Rate - The September 2023 Section 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 5%, which was the same as the August 2023 rate...more

Keating Muething & Klekamp PLL

Estate Planning Update: Recent IRS Ruling Offers a Stark Reminder of the Benefits of Proper Estate Planning for Retirement...

Keating Muething & Klekamp PLL on

Despite ultimately finding in favor of a taxpayer surviving spouse, IRS Private Letter Ruling 2023-22-014 (the “PLR”) is chock-full of reasons to ensure proper planning is in place when it comes to IRAs....more

Brownstein Hyatt Farber Schreck

Conservation Easements: Federal Safe Harbor Language for Extinguishment and Boundary Line Adjustments

Brownstein Hyatt Farber Schreck on

On Dec. 29, 2022, the United States Congress passed the SECURE 2.0 Act of 2022 (SECURE Act 2.0). Section 605(d) of the SECURE Act 2.0 gave conservation easement donors a safe harbor to amend provisions relating to...more

Adler Pollock & Sheehan P.C.

SECURE 2.0 May Affect Your Retirement and Estate Plans

Adler Pollock & Sheehan P.C. on

The original Setting Every Community Up for Retirement Enhancement Act (SECURE Act), enacted in 2019, was a significant law related to retirement savings. In the spring of 2022, with an eye toward building on the reforms in...more

Bowditch & Dewey

Important Provisions from SECURE Act 2.0 for Individuals and Nonprofits

Bowditch & Dewey on

On December 29, 2022, the Securing a Strong Retirement Act (commonly referred to as SECURE Act 2.0) was signed into law. This is follow-up legislation to the Setting Every Community Up for Retirement Enhancement Act, which...more

Williams Mullen

[Event] 2023 Fiduciary Focus - February 24th, Richmond, VA

Williams Mullen on

...join us as we return to an in-person format for our 14th Annual Fiduciary Focus! Breakfast and lunch will be provided. Topics Include: - Recent Developments in Wealth Planning - Corporate Transparency Act Compliance...more

Ballard Spahr LLP

2023: New Year, New Laws, and New Planning Opportunities

Ballard Spahr LLP on

Summary - A new year brings hope for positive change and new opportunities. With changes to estate and gift tax exemptions and the retirement laws, combined with the current and anticipated interest rate environment and...more

Kohrman Jackson & Krantz LLP

What the SECURE 2.0 Act Means for Your Retirement Savings

Kohrman Jackson & Krantz LLP on

At the very end of 2022, President Biden signed the $1.7 trillion omnibus spending package which includes the SECURE 2.0 Act. SECURE 2.0 builds on The Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019...more

Stoel Rives LLP

Changes Under Secure Act 2.0

Stoel Rives LLP on

The SECURE 2.0 Act was signed into law in late December 2022. While the legislation contains a number of provisions, this alert focuses on the changes most relevant to individuals in their personal planning....more

Proskauer Rose LLP

Wealth Management Update - June 2021

Proskauer Rose LLP on

June 2021 Interest Rates for Sales to Defective Grantor Trusts, Intra-Family Loans, Split-Interest Charitable Trusts and GRATs - The June applicable federal rate ("AFR") for use with a sale to a defective grantor trust,...more

Ruder Ware

IRS Releases Publication on RMDs for Inherited Retirement Benefits (and, of course, creates confusion)

Ruder Ware on

Ruder Ware’s Trusts & Estates blog has featured several posts (for example, Call to Action: Review Your Estate Plan in Light of the SECURE Act and Why SECURE Act Matters to You) on the SECURE Act, a federal law effective...more

Ward and Smith, P.A.

Retirement Planning SECURED? Action Steps for Plan Participants and IRA Owners

Ward and Smith, P.A. on

Passed by Congress in late 2019, the SECURE Act (Act) contained the most significant changes to qualified retirement plans (QRPs) and IRAs since the Pension Protection Act of 2006. Notably, the Act eliminated the ability...more

McAfee & Taft

New legislation focusing on retirement savings attempts to build on SECURE Act

McAfee & Taft on

Last year President Trump signed into law the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019.  The SECURE Act was a far-reaching and bi-partisan effort aimed at increasing access to tax-advantaged...more

Adler Pollock & Sheehan P.C.

The CARES Act: Recent Tax Law Changes May Affect Your Estate Plan

Adler Pollock & Sheehan P.C. on

The Coronavirus Aid, Relief and Economic Security (CARES) Act is designed to provide tax relief to individuals and businesses struggling to make ends meet due to the COVID-19 pandemic. But this law may also have a...more

Adler Pollock & Sheehan P.C.

How Does the SECURE Act Affect Estate Planning?

Adler Pollock & Sheehan P.C. on

The Setting Every Community Up for Retirement Enhancement (SECURE) Act is the biggest retirement planning law in decades. However, when all is said and done, the new law may have just as significant an impact on estate...more

Chambliss, Bahner & Stophel, P.C.

Estate Planning Implications of SECURE Act and CARES Act

Chambliss, Bahner & Stophel, P.C. on

The SECURE Act (signed into law on December 20, 2019) changed many of the established rules applicable to retirement assets – most notably, elimination of “stretch” required minimum distributions (RMDs). Likewise, the CARES...more

Weintraub Tobin

Guess What? The Laws HAVE Changed – Avoiding A Conduit Trust Catastrophe After The SECURE Act

Weintraub Tobin on

Like most estate planners, we always remind clients that tax and estate planning laws are subject to change and frequently do. As busy practitioners, it is impossible for us to reach out to every client when a change might...more

Cohen Seglias Pallas Greenhall & Furman PC

COVID-19 Estate News: Five Important Takeaways from the CARES Act that Affect Your Estate

Cohen Seglias Pallas Greenhall & Furman PC on

With the recent passage of the CARES Act, which provides emergency assistance for individuals, families, and businesses affected by COVID-19, and the passage of the SECURE Act in December 2019, there are now numerous changing...more

Woods Rogers

COVID-19 Isolation – A Good Time to Review Your Estate Planning Documents

Woods Rogers on

Are you stuck at home, isolated from the public, and your normal social interactions?  Perhaps this would be a good time to review those old estate planning documents: your Will, Power of Attorney, Health Care Power of...more

White & Case LLP

Current Conditions Present Historic Gifting Opportunities; Time to Review Retirement Plan Beneficiary Designations

White & Case LLP on

The dramatic decline in asset values caused by the emergence of COVID-19 as a significant health threat, combined with historically high gift tax exemptions and historically low interest rates make now an opportune time to...more

Shumaker, Loop & Kendrick, LLP

The Estate Planner - May/June 2020

Shumaker, Loop & Kendrick, LLP on

The SECURE Act - What it means for your retirement and estate plans - The Setting Every Community Up for Retirement Enhancement (SECURE) Act is one of the most significant pieces of retirement plan legislation in...more

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