Pension Protection Act

Bruce D. Steiner, attorney, Kleinberg, Kaplan, Wolff & Cohen, P.C , New York, has this overview of the recently adopted Pension Protection Act of 2006 (PPA): There are three key provisions of the PPA that are particularly relevant to wealth advisors: one on inherited individual retirement accounts (IRAs), another enabling transfer of IRA benefits to charity and a third on corporate-owned life insurance.