The SECURE Act:  Everything You Need to Know

Thursday, February 13, 2020

The Woman's Club of Wisconsin

Signed into law on December 20, 2019, the SECURE Act makes major changes to employer-provided retirement plans, individual retirement accounts (IRAs), and other tax-favored savings accounts.  Many of the changes are already in effect and may impact your clients' income, estate, and retirement planning.  In addition, the SECURE Act will undoubtedly impact the charitable planning landscape over the next several years.  This presentation summarizes some of the major changes found in the SECURE Act, discusses the ways that it may significantly impact your clients' planning, and provides new planning opportunities to consider in light of the recent legislation.

Presenter:

Kelsey Berns
Reinhart Boerner Van Dusen s.c.

 Kelsey L. Berns is an attorney in Reinhart’s Trusts and Estates     Practice where she advises wealthy individuals and families on a   wide range of estate planning matters, such as complex wealth   transfer planning, charitable planning strategies, and tax planning.   Kelsey has considerable experience implementing estate plans   designed to avoid probate, reduce or eliminate transfer taxes   (including gift, estate, and generation-skipping transfer taxes), and   maximize income tax planning. She often advises clients on tax-planning strategies, both during lifetime and at death, and understands the necessity of working closely with other advisors to craft plans that meet a family’s tax and non-tax objectives. After death, Kelsey counsels fiduciaries in the trust/estate administration process and assists with the preparation of tax returns, implementation of post-mortem planning techniques, and negotiations with the IRS. She also works with clients to develop charitable planning strategies, including the establishment of private family foundations or other charitable giving vehicles, such as donor-advised funds and charitable trusts. Kelsey often works with clients who are relocating from Wisconsin to Florida or reside in both states throughout the year. Licensed in both Wisconsin and Florida, Kelsey understands the complex property and tax issues that can arise with new or dual residencies and works with clients to maximize the protections and benefits both states offer. In addition, she frequently assists with the drafting and implementation of prenuptial agreements, marital property agreements, and other agreements governing the property rights of both married and unmarried couples. Her clients appreciate her personable yet professional disposition, and she enjoys building long-lasting relationships with her clients. Kelsey’s educational training and legal experience enable her to represent her clients effectively and develop creative strategies tailored to her clients’ needs.