The SECURE Act and your estate plan

The Setting Every Community Up for Retirement Enhancement Act (“SECURE Act”) was signed into law on December 20, 2019.


The new law means that IRAs inherited by non-spouses must be paid out within 10 years of the planholder’s date of death.


“Stretch” IRAs, structured in a way that distributed their contents over the expected lifetime of the beneficiary, can no longer be used.

  • This was a useful strategy for the extended deferral of taxes, as IRAs come with a tax burden for the beneficiary.

The solution:

Review your estate plan and ensure that your beneficiary designations are up to date.

  • Consider whether or not your designated beneficiaries would be able to handle the tax impact of a quicker distribution timeline.
Michael Faehner

Michael J. Faehner

Michael J. Faehner is the founder of Faehner PLLC in Oldsmar, Florida. Michael focuses his practice on estate planning, corporate,…

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