In a recent article featured in Plan Adviser, Gunster private wealth services co-chair Lisa Schneider was quoted in an article on the SECURE Act and how it will affect IRAs. Schneider discusses the impact the SECURE act will have on clients’ estate plans especially those with retirement plans. These impacts include higher taxes under the inheritance regime and the 10-year downturn. Additionally, the story also includes the strategies individuals can consider to combat this if the act passes such as having other liquid assets to pay taxes for a charitable remainder trust and a Roth IRA conversion.
Lisa A. Schneider leads Gunster’s Trust & Estates practice, is a past co-chair of the firm’s Women’s Leadership Forum, and currently co-chairs the firm’s mentorship committee. She focuses her practice on counseling families as to wealth preservation and transfer tax techniques, with a focus on planning for complex family structures and business succession.
Read the full article: Inheritance Pathways Exist to Replace Stretch IRAs