SNA SECURE Act Activities

In 2020, SNA successfully advocated for Special Needs Trust protections in the SECURE Act which governs the way in which many deferrable retirement benefits are distributed. Because of this effort, retirement account distributions left to a person who is disabled or chronically ill or to a Special Needs Trust for a person who is disabled or chronically ill are exempt from the 10-year distribution rules. Subsequently, SNA has been working to ensure that SECURE is interpreted to allow charitable organizations to be named as the remainder beneficiary of the trust.

Documents

Special Needs Trust Improvement Act of 2022 – SNA Legislative Alert June 2022

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Senators Young and Hassan Press Release on the Special Needs Trust Improvement Act of 2022, Introduced at the Request of SNA

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Special Needs Trust Improvement Act of 2022

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SNA comments on Proposed SECURE Act Regulations

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SNA Letter to Treasury Department on SECURE-May 29, 2020

On behalf of The Special Needs Alliance (“SNA”), I write asking for certain guidance on the Setting Every Community Up for Retirement Enhancement (SECURE) Act. Specifically, we offer practical insight for regulations implementing the SECURE Act’s provisions modifying required distribution…

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