Estate Planning for Retirement Benefits after the SECURE Act
46 American College of Trust and Estate Counsel Law Journal, 2020
6 Pages Posted: 7 Jan 2021
Date Written: January 7, 2021
This brief essay examines one of the most significant intersections of Elder Law and Trusts & Estates – namely, distributions from defined contribution retirement plans after the participant dies. Particular attention is paid to recently enacted statutory changes, including the end of so-called “stretch IRAs,” which allowed non-spouse beneficiaries to spread withdrawals from inherited retirement accounts over their lifetimes. This essay also addresses strategic considerations in designating beneficiaries for such accounts.
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