Sarah Einowski Reviews SECURE Act Impact on Estate Planning
On March 12, Tonkon Torp attorney Sarah Einowski spoke at the 2020 Spring Financial Forum hosted by the Financial Planning Association of Oregon and SW Washington. Her session focused on how the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 changed the payout timeframe for inherited retirement accounts. Sarah shared information about the impact of the SECURE Act on beneficiary’s income taxes, and considerations to take into account when thinking through income and estate tax exposure. She also shared planning options that people can consider, such as utilizing life insurance structures, to help them feel more secure about using inherited retirement accounts for estate planning goals.
Sarah is a member of Tonkon Torp’s Estate Planning Practice Group. She works with clients on the preparation of wills, trusts, and other estate planning documents. She provides strategic legal advice to help her clients achieve success, regularly assisting them in the creation and development of estate and business succession plans through the assessment of assets and goals.