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. Recently issued proposed Treasury Regulations dispute that and instead require annual distributions for any beneficiary subject to the 10-year rule. Read on to learn more.
- Application of the Transfer for Value Rule to the Sale of Life Insurance - May 17, 2022
- What Estate of Marion Levine Means for Life Insurance - May 10, 2022
- Let’s Talk about Trusts…and Taxation - May 3, 2022