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Providence Law Group, LLC

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Just When You Thought You Understood the 10-Year Rule, Think Again

Amy Lazas · April 11, 2022 ·

IRAs have become ubiquitous components of estate plans. The SECURE Act of 2019 altered the landscape for IRAs significantly by eliminating the stretch benefit for most designated beneficiaries and forcing all designated beneficiaries other than Eligible Designated Beneficiaries to use the 10-year rule for distributions. The 10-year rule was thought to operate much like the 5-year rule that existed before the passage of the SECURE Act. Recently issued proposed Treasury Regulations dispute that and instead require annual distributions for any beneficiary subject to the 10-year rule.

Estate Planning – Something You Shouldn’t Do Yourself

Amy Lazas · April 4, 2022 ·

It’s tempting to think that by taking the time to hand-write your Will or preparing a do-it-yourself plan, you can avoid many of the issues that arise with a Will. In fact, the opposite may be true. By handwriting your Will or preparing a do-it-yourself plan, you may be creating more issues for your family.

Application of the Updated Life Expectancy Tables

Amy Lazas · March 28, 2022 ·

Since the creation of Individual Retirement Accounts in 1971, they have become an increasingly important part of a well-balanced Estate Plan. Taxpayers contribute to the IRA. Upon attaining a certain age, the taxpayer begins taking distributions based upon tables promulgated by the Internal Revenue Service. The Internal Revenue Service recently updated those tables which will significantly impact certain taxpayers

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WHERE WE ARE

Providence Law Group, LLC
6990 Columbia Gateway Dr #240
Columbia, MD 21046
United States (US)
Phone: (443) 290 3206

OPENING HOURS

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 3:00 PM

Providence Law Group, LLC

WHERE WE ARE

Providence Law Group, LLC
6990 Columbia Gateway Dr #240
Columbia, MD 21046
United States (US)
Phone: (443) 290 3206

OPENING HOURS

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 3:00 PM

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