The SECURE 2.0 Act of 2022, signed into law by President Joe Biden on December 29, 2022, makes significant changes to the administration and taxation of retirement plans. It addresses many practical concerns that surfaced after the passage of the original SECURE Act in 2019 and during the pandemic. Some of the key changes, including the rules for surviving spouses and the required minimum distribution rules, are set out here.
As a full-service law firm, we are equipped to advise family offices and high net worth families on an array of matters. Clients turn to our attorneys for sophisticated and personal lifetime, estate planning and tax planning services, as well as business counsel. We help families, business owners and executives plan for and protect their financial future and the family’s wealth for generations to come. Areas in which we frequently work with clients include but are not limited to:
- Family business and succession planning
- Estate planning
- Asset protection planning
- Charitable planning
- Corporate fiduciary representation
- Estate, gift and fiduciary income tax planning and return preparation
- Business structuring
- Acquisitions and divestitures
- Business and tax planning
- Probate and trust administration
- Trusts and estates litigation
- Prenuptial and postnuptial agreements