If you still have questions regarding the impact of the SECURE Act on your client’s individual retirement account (IRA) and estate plan, you are not alone. Planning for clients whose largest asset is their IRA was already challenging prior to the passage of the SECURE Act, but with new rules and exceptions to consider, planning for these clients is even more complex. Now more than ever, estate planning attorneys must understand the ins and outs of the SECURE Act and how it affects their clients’ plans.
WealthCounsel Staff
Recent Posts
Complex Concepts in Estate Planning: Planning for the $500,000+ IRA
By WealthCounsel Staff on Apr 2, 2021 10:04:03 AM
Three Ways to Boost Your Firm’s Marketing Efforts in 2021
By WealthCounsel Staff on Mar 26, 2021 10:00:00 AM
As we see the light at the end of the (COVID) tunnel, we are optimistic that in-person events will again be part of our marketing strategy in the not-too-distant future. However, if COVID has taught us anything, it is that a strong online presence and content marketing strategy is critical—and this reality is unlikely to change after the pandemic.
COVID-19 Relief Updates for Small Businesses
By WealthCounsel Staff on Mar 19, 2021 1:20:10 PM
Although some states have eased COVID-related restrictions on small businesses, many businesses are still struggling. The Internal Revenue Service (IRS) and the Small Business Administration (SBA) continue to issue guidance for small businesses that seek to benefit from the COVID-relief legislation passed in 2020. In addition, the American Rescue Plan Act, the new stimulus legislation signed into law by President Biden on March 11, 2021, provides additional funding for the Paycheck Protection Program (PPP) as well as aid for certain business sectors that have been particularly hard-hit by the COVID-19 pandemic.