Sponsored By
Trusts & Estates logo

Overview of SECURE Act ChangesOverview of SECURE Act Changes

There’s more than the elimination of the stretch IRA.

Christopher R. Hoyt, Professor of Law

March 25, 2020

6 Min Read
te0420 hoyt2.jpg

When somebody mentions the Setting Every Community Up for Retirement Enhancement (SECURE) Act, most estate planners focus their attention on the elimination of the inherited stretch individual retirement account. Much of this issue of Trusts & Estates is devoted to that single topic. But, the SECURE Act made several other changes that estate planners should be aware of. Here’s a brief overview.

Section 529 Accounts

Internal Revenue Code Section 529 plan account (Section 529 account) owners may now make distributions to pay apprenticeship expenses and student loans that were taken out by the beneficiaries.1 Section 529 accounts are established by a contributor who owns the account (for example, a parent or grandparent) to pay educational ex...

Unlock All Access Premium Subscription

Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!

Already Subscribed?

About the Author

Christopher R. Hoyt

Professor of Law, University of Missouri

Christopher R. Hoyt, JD is a Professor of Law at the University of Missouri Kansas City School of Law where he teaches courses in the area of federal income taxation and business organizations.  Previously, he was with the law firm of Spencer, Fane, Britt & Browne in Kansas City, Missouri.  He received an undergraduate degree in economics from Northwestern University and he received dual law and accounting degrees from the University of Wisconsin.

Professor Hoyt has served as the Chair of the American Bar Association’s Committee on Charitable Organizations (Section of Trusts and Estates) and is on the editorial board of Trusts and Estates magazine. He is an ACTEC fellow, has been designated by his peers as a “Best Lawyer”, and was elected to the Estate Planning Hall of Fame by the National Association of Estate Planners & Councils.  He is a frequent speaker at legal and educational programs and has been quoted in numerous publications, including The Wall Street Journal, Forbes, MONEY Magazine, The New York Times and The Washington Post