On February 14, 2022, the Treasury Department issued proposed regulations to provisions under the SECURE Act pertaining to retirement benefits and individual retirement accounts. The proposed regulations provide new rules that, if adopted, would have significant implications for certain retirement and estate plans. These new rules would impact the amounts and timing of minimum and final distributions, naming a trust as a beneficiary, and planning for young children. The Treasury Department will hold a final hearing on the proposed regulations on June 15, 2022, and may finalize the proposed regulations shortly thereafter. The proposed effective date is January 1, 2022. We will continue to monitor the situation and will provide more information as it becomes known. In the meantime, please contact any member of our Trusts and Estates Team if you have questions about the proposed regulations or any other trust and estate planning issue.