The 54th Annual Heckerling Institute on Estate Planning concluded a week ago yesterday. For those not in the know, “Heckerling” is (to quote their literature) “the nation’s premier conference for estate planning professionals, offering unparalleled educational and professional development opportunities for all members of the estate planning team. [Their] program covers topics of timely interest to attorneys, trust officers, accountants, charitable giving professionals, insurance advisors, elder law specialists, wealth management professionals, and nonprofit advisors.”
One of the knotty issues addressed at Heckerling this year was The SECURE Act of 2019 (which went into effect on January 1st) and how estate planning professionals can assist consumers in wrestling with accelerated Required Minimum Distributions (RMD) for most beneficiaries of retirement plans and IRA assets under the SECURE Act.
Strategies discussed at Heckerling are certainly only the beginning of many discussions and analyses about the SECURE Act, but Stephen C. Hartnett, J.D., LL.M., the Director of Education for the American Academy of Estate Planning Attorneys, (of which my firm is a Member) has posted his take on what he heard at Heckerling this year. Read on to see what Mr. Hartnett has to say.
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