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The Secure Act
Manage episode 446309070 series 3561789
Bill Miller에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Bill Miller 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
In this episode, attorney Bill Miller discusses the implications of the Secure Act on estate planning—particularly focusing on asset protection and long-term care costs. He outlines scenarios involving families facing potential nursing home expenses and how the Secure Act has altered the landscape for inherited IRAs, emphasizing the importance of strategic planning to protect assets for future generations.
Takeaways
- The Secure Act impacts how inherited IRAs are taxed.
- Asset protection planning is essential for families facing long-term care costs.
- Medicaid asset protection trusts can safeguard assets from nursing home expenses.
- The 10-year rule for IRA distributions requires careful financial planning.
- Cashing in IRAs may be a viable option for asset protection.
- Nursing home costs are expected to rise significantly in the coming years.
- Estate planning should be tailored to individual circumstances.
- Understanding tax implications is crucial when making financial decisions.
- Families should consider their unique situations when planning for long-term care.
- Workshops and resources are available for further education on estate planning.
Chapters
(00:00) Introduction to Estate Planning and the Secure Act
(03:00) Understanding Asset Protection and Medicaid Trusts
(06:03) The Impact of the Secure Act on Inherited IRAs
(09:12) Navigating the 10-Year Rule for IRA Distributions
(12:09) Strategies for Protecting Assets from Long-Term Care Costs
(14:50) Conclusion and Resources for Further Learning
Learn More and Connect with Bill Miller
https://millerestateandelderlaw.com/
https://www.facebook.com/MillerEstateandElderLaw/
https://www.linkedin.com/in/bill-miller-estate-and-elder-law-attorney-44036511/
22 에피소드
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