Estate planning for clients who have substantial funds in a qualified retirement plan, such as a 401(k) plan or a regular IRA (not a Roth IRA), should now be examined since the SECURE Act was implemented this year. We look at who the beneficiary should be and various trust options that should be considered.
Author: Dennis C. Reardon, JD, LLM, CLU, ChFC, is the principal of Reardon & Associates, a law firm in Wayne, PA, where he specializes in tax matters related to estate, business, and compensation planning. He is a fellow of the American College of Trust and Estate Counsel and is a frequent speaker at professional meetings throughout the United States.
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