Posted in Triplett & Carothers on September 1, 2024

The final regulations for IRAs — the Secure Act 2.0 — have been issued by the Internal Revenue Service. This new law affects how IRAs are distributed to beneficiaries after the death of the owner.

If you have a living trust and an IRA that names the trust as a beneficiary, you may need to review your estate plan and make some adjustments. Usually, the trust does not need any changes, but the IRA beneficiary designation may need to be updated to comply with the new rules and avoid potential tax consequences.

To help you understand how the Secure Act 2.0 affects your situation and what steps you need to take, we are offering a free phone consultation to our existing clients. Please contact our office as soon as possible to schedule a phone appointment. We will conduct a review and advise you on the best course of action.

We look forward to hearing from you and assisting you with your estate planning needs.  When you contact the office, please specify you’re calling regarding the IRA update.  We’re expecting a lot of calls, so consultations will occur on a first-come, first-serve basis.

Reach out at 502.425.5562 in KY and at 812.282.2775 in IN.