As with every year, there are certain law changes that are proposed and may or may not be enacted. Two very important and potentially very impactful issues have come to light in the last several months that may affect all estate plans in general. For clients of Family Estate Planning Law Group, please be sure to read on regarding our recommendations for reviewing and updating your estate plans as part of your client care program membership in light of these potential law changes.
The first potential change is the SECURE Act. The SECURE Act, or Setting Every Community Up for Retirement Enhancement Act of 2019, contains 29 provisions with the goal of helping our country overcome the retirement crisis by seeking to prevent Americans from outliving their assets by increasing access to tax-advantaged accounts. This act was passed by the House of Representatives earlier this year and will make sweeping changes to qualified retirement assets and procedures. To learn more about the act click here.