01-17-2024 Special Needs
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Special Needs Planning after SECURE 2.0
Presented by Kristin Carelton and Joseph Scott Kozlowski
Special needs planning requires a robust estate plan and regular reviews, especially after the passing of the SECURE 2.0 Act. In this webinar, special needs planner Kristin Carleton and attorney Joseph Kozlowski educated us on how SECURE 2.0 impacts IRA distributions for disable beneficiaries and how IRAs with a special needs trust as beneficiary need to be updated with language specific to the Secure Act 2.0.
Attendees Comments:
A few comments from listeners when they were asked what the learned from the webinar:
Age doesn’t matter and he does not need to be receiving any govt benefit at the Trust setup
- Ray D.
Awareness on relative leaving an IRA to a special needs child, disqualifying them for any government related benefits.
- Jacqueline B.
First, the complexity of the subject matter was quite significant. I learn about the exceptions of the 10-year RMD rule.
- Alfred M.
That all Special Needs Trusts pre-Secure Act 2.0 need to be at least looked at, if not totally re-written.
- Kathryn Y.
Stretch IRAs may or may not be permitted for the disabled individual is the trust is not written correctly.
- Noel R.
Age doesn’t matter and he does not need to be receiving any govt benefit at the Trust setup
- Ray D.
Awareness on relative leaving an IRA to a special needs child, disqualifying them for any government related benefits.
- Jacqueline B.
First, the complexity of the subject matter was quite significant. I learn about the exceptions of the 10-year RMD rule.
- Alfred M.
That all Special Needs Trusts pre-Secure Act 2.0 need to be at least looked at, if not totally re-written.
- Kathryn Y.
Stretch IRAs may or may not be permitted for the disabled individual is the trust is not written correctly.
- Noel R.
Age doesn’t matter and he does not need to be receiving any govt benefit at the Trust setup
- Ray D.
Awareness on relative leaving an IRA to a special needs child, disqualifying them for any government related benefits.
- Jacqueline B.
First, the complexity of the subject matter was quite significant. I learn about the exceptions of the 10-year RMD rule.
- Alfred M.
That all Special Needs Trusts pre-Secure Act 2.0 need to be at least looked at, if not totally re-written.
- Kathryn Y.
Stretch IRAs may or may not be permitted for the disabled individual is the trust is not written correctly.
- Noel R.