Latest Post

The IRS recently issued proposed regulations regarding the treatment of tax-deferred retirement accounts after the SECURE Act of 2019. 

Here are 2 highlights relevant to estate planning:

  • The age of majority will be defined as age 21.  This means that a minor child of the deceased account owner may elect stretch IRA treatment for pay-out of required minimum distributions until age 21 and then use the usual 10-year liquidation rule until age 31. 
  • The 10-year liquidation rule will require a beneficiary to take required minimum distributions based on the beneficiary’s life expectancy during the 10-year liquidation period if the deceased

  • Continue Reading New IRS Regulations for Retirement Accounts after SECURE Act