SECURE-ing Your Legacy: The Impact of the SECURE Act on Special Needs Planning

Global Families
Family Office
Family Matters

The SECURE Act dramatically altered the landscape for inherited IRAs. But should it inspire an estate planning course correction for families with disabled beneficiaries?

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Key Takeaways

Some tax-sensitive families might reconsider leaving their retirement accounts in trusts for disabled beneficiaries given the new special treatment afforded by the SECURE Act.

Yet the potential for tax savings should be weighed carefully, as each family’s individual goals and circumstances tend to influence decisions about beneficiary designations.

Ultimately, whether the family prioritizes optimizing income tax savings, maximizing the spending capacity of the SNT, or promoting a uniform estate distribution among beneficiaries will drive which—if any—estate plan modifications to pursue.

SECURE-ing Your Legacy: The Impact of the SECURE Act on Special Needs Planning

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SECURE-ing Your Legacy: The Impact of the SECURE Act on Special Needs Planning

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