Inherited individual retirement accounts can be some of the most complex assets to deal with when someone is administering your estate. Federal law states that inherited IRAs for non-spouse beneficiaries are not necessarily protected from creditors, meaning that a beneficiary’s creditors could claim they have the rights to access these funds left behind by you,… Read More »
Monthly Archives: August 2016
Make Sure You Have the Conversation with Your Spouse as Well as Your Aging Parents About Long Term Care and Estate Planning
Summer might seem like the wrong time to have a serious conversation about money and estate planning issues, but it could also be the most relaxed opportunity you have to discuss this with your parents. Fidelity has just released a study on the topic of finance and family, identifying that the major retirement issues for… Read More »
Are Your Beneficiary Designations All That Important?
Your beneficiary designations on items such as your individual retirement account or your life insurance policy are critically important for the company to determine who should receive your benefits if something happens to you. Even though this is a pertinent detail of your estate planning, many beneficiary designations are often forgotten, mishandled or overlooked. Many… Read More »