The Secure Act, which became effective January 1, 2020, changed the options for inherited retirement account beneficiaries. In some cases, planners recommended that a retirement account be payable to the trustee of a trust, rather than directly to the beneficiaries. There could be good reasons to do so: the beneficiary is too young, has a disability, or just can’t manage money. To retain the advantage of “stretching” the distribution of the inherited account funds, attorneys put special language in trusts to preserve the stretch.
According to an article in The Ledger – Will 2020 Give Florida a Break In Hurricane Season? , there is only a 10% chance that we’ll see a less than normally active season in 2020.