New Advice: Consider Leaving an IRA to a Special Needs Trust.

Special Needs Trust Beneficiary of IRA

The SECURE Act, passed at the end of 2019, changed a number of rules regarding inherited IRAs, making it more difficult for most beneficiaries to save on taxes by “stretching” distributions over many years. (Read our post,¬†SECURE Act Increases Tax Read More …

Important Change Affects Special Needs Planning: Stretch IRAs Eliminated.

Update Special Needs Planning

A stretch IRA was an¬†estate planning strategy that applied to an Individual Retirement Account (IRA) inherited by a non-spouse, such as a child beneficiary. By using the stretch strategy, IRAs could be passed on, taking advantage of tax-deferred and/or tax-free Read More …