arrow_back Back to App

Easier Rules for Special Needs Trust Beneficiaries in Retirement Plans.

This act modifies tax rules for inheriting retirement plan funds, especially for multi-beneficiary trusts. It aims to simplify the management of these funds after an employee's death, including for charitable organizations. These changes could impact how individuals plan their estates and distribute retirement assets.
Key points
Allows charitable organizations to be recognized as beneficiaries in certain trusts, potentially simplifying inheritance processes.
Amends rules for distributing retirement plan funds after death, which may affect estate planning.
Changes are effective retroactively, as if included in the SECURE Act of 2019.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_8625
Sponsor: Rep. Schneider, Bradley Scott [D-IL-10]
Process start date: 2022-07-29
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Special Needs Trust Improvement Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_8625.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-07-29.

What are the main provisions?

Key points include:

  • Allows charitable organizations to be recognized as beneficiaries in certain trusts, potentially simplifying inheritance processes.
  • Amends rules for distributing retirement plan funds after death, which may affect estate planning.
  • Changes are effective retroactively, as if included in the SECURE Act of 2019.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Schneider, Bradley Scott [D-IL-10].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Benefits Family