IRAs have become ubiquitous components of estate plans. The SECURE Act of 2019 altered the landscape for IRAs significantly. Just when advisors began to get comfortable with the new 10-year rule, the United States Treasury Department promulgated proposed Treasury Regulations early in 2022 adding additional complexity to that rule by requiring annual distributions for a non-EDB of a participant who died after their Required Beginning Date. Once again, the SECURE Act includes additional provisions with which every advisor should be familiar. Read on to learn more.
Girum (“Groom”) Tesfaye, provides extensive estate planning services to individuals and businesses in the DC Metropolitan area (the DMV). His primary focus is to help client’s avoid probate, protect their assets, and provide for the security of their loved ones with a well-crafted estate plan.
Girum’s background as a litigation attorney in state and federal courts gives him a unique set of skills when representing members of our diverse community in the DMV. Particularly, He has gained recognition for creative planning and execution of estate plans for non-residents with business interests in the U.S.
Girum’s background as a litigation attorney in state and federal courts gives him a unique set of skills when representing members of our diverse community in the DMV. Particularly, He has gained recognition for creative planning and execution of estate plans for non-residents with business interests in the U.S.
Latest posts by Girum Tesfaye (see all)
- The IRS’ Annual Warning: The 2023 Dirty Dozen - May 19, 2023
- How Tax and Non-Tax Considerations Impact Estate Planning – Part II - May 15, 2023
- How Tax and Non-Tax Considerations Impact Estate Planning – Part I - May 1, 2023
