The recent passage of the SECURE Act at the end of December brought significant changes to the planning landscape with respect to retirement assets. A number of the most common planning considerations for these assets now will have to be re-thought or re-worked. New techniques may be needed to achieve benefit and some older planning techniques and structures now no longer achieve the desired results. This presentation will focus on the changes brought about the SECURE Act in connection with common client planning situations, will review the major provisions of the new legislation that affect individual holders and participants, will cover problem areas that may arise from planning done under the prior law, and will present some new techniques for consideration. As with any piece of new legislation, there are many open issues and areas of uncertainty but we’ll discuss what is known as of now.
Brad J. Richter is a partner and chair of the trusts and estates department at Fried, Frank, Harris, Shriver & Jacobson LLP, resident in Fried Frank’s New York office.
Mr. Richter’s practice focuses on all aspects of private client representation, including sophisticated tax and estate planning, administration of large estates and trusts, succession and business planning, and formation and operation of charitable foundations. He represents high net worth individuals, entrepreneurs, the fiduciaries of estates and trusts, charitable organizations, family business owners, bankers and financial services personnel, private fund sponsors and principals, and others. He also represents clients engaging in litigation with the IRS or with third parties before the Surrogate’s Court on contested tax and probate matters.
Mr. Richter received his JD, cum laude, from New York University School of Law, where he was a member of the NYU Law Review. He graduated magna cum laude from Amherst College. He is admitted to the bar in New York and Massachusetts.
Mr. Richter is a member of the American Bar Association (Real Property, Probate & Trusts Law Section; Taxation Section), New York State Bar Association (Trusts and Estates Law Section; Entertainment, Arts and Sports Law Section), New York County Lawyers Association (Estates, Trusts and Surrogate’s Court Practice Section; previous: Committee on Pro Bono), and the Association of the Bar of the City of New York (Committee on Estate and Gift Taxation, previous: Committee on Surrogate’s Courts).
One Education Credit for CLE (PA Only), Insurance (PA Only), CFP, CPA (PA Only), PACE and CTFA will be offered.
This meeting is being sponsored by
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