IRAs have become ubiquitous components of estate plans. The SECURE Act of 2019 altered the landscape for IRAs significantly by eliminating the stretch benefit for most designated beneficiaries and forcing all designated beneficiaries other than Eligible Designated Beneficiaries to use the 10-year rule for distributions. The 10-year rule was thought to operate much like the 5-year rule that existed before the passage of the SECURE Act. Proposed Treasury Regulations dispute that and instead require annual distributions for any beneficiary subject to the 10-year rule. Read on to learn more.
Estate Planning Attorney at Slaton Schauer Law Firm, PLLC
Regina Slaton Schauer, has been practicing law for 25 years and is licensed to practice in Texas and Oklahoma. In addition to doing estate planning, her background includes being a Judge for eight years, working in a district attorney’s office and running two international programs where children were brought from orphanages and placed into loving American homes.
Latest posts by Regina Slaton Schauer (see all)
- Just When You Thought You Understood the 10-Year Rule, Think Again - January 24, 2023
- Talking Trusts… and Taxation - January 18, 2023
- Easy Business Succession Planning - January 12, 2023
Creating a Durable Power of Attorney