Due to the rising cases of COVID-19 in Wisconsin and Walworth County, many fundamental legal institutions are adapting new policies for the foreseeable future. Clair Law is aware of these changes and ready to help our clients navigate these legal hurdles.
In January of this year, the rules governing retirement accounts changed significantly. As a result of the passing of The Secure Act, there are long-term changes you might wish to consider to your financial and estate plan.
Stretch IRAs will be abolished going forward. Most of our clients who inherited an IRA on or before December 31, 2019 were able to stretch the distributions over their life expectancy. This was the “Stretch IRA.” For our clients who are inheriting retirement accounts after December 31, 2019, this opportunity to use the “Stretch IRA” will no longer exist.
Our Attorneys are highly experienced, award winning Lawyers, who work together as a team to serve our client's needs. We look forward to providing you with the same level of high quality legal services that our clients have relied upon for years.
