LEGAL CORNER: Does an inherited IRA become community property in the event of a divorce?

Attorney Genia Coleman Lee, with the SWLA Law Center, answers the following questions: Does an inherited IRA become community property in the event of a divorce? If the inherited IRA is rolled over into an account in the name of the heir, and his children are named as beneficiaries, does the wife have to agree? For more Local News from KPLC: For more YouTube Content: ...(read more)

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When it comes to divorce, one of the most complicated issues that couples face is the division of property. This can be particularly challenging if a couple owns different types of assets, such as an inherited individual retirement account (IRA). This raises the question: does an inherited IRA become community property in the event of a divorce? The answer to this question is not simple and depends on the state's laws where you live. In community property states, any property or assets acquired during marriage are considered community property and are subject to division upon divorce. This means that any assets, including inherited IRAs, acquired during the marriage are subject to division between spouses. However, in non-community property states, inheritance is generally considered separate property and may not be divided upon divorce by a court. This means that an inherited IRA would not automatically become community property and may be awarded to the inheriting spouse. It's important to note that even in non-community property states, inherited IRAs may still be subject to division upon divorce if the inheriting spouse commingles the assets with other marital property. For example, if the inheriting spouse deposits inherited IRA funds into a joint bank account, then the account may be considered marital property. It's also worth noting that the type of IRA inherited can also impact how it is treated in a divorce. Traditional IRAs are subject to income taxes upon withdrawal, while Roth IRAs are not. This may impact how the assets are divided in a divorce settlement. In conclusion, whether an inherited IRA becomes community property in the event of divorce is a complex issue and largely depends on the state's laws where you live. If you are considering a divorce and have inherited assets, it's important to seek the advice of a qualified family law attorney who can guide you through the legal process and help you understand your rights and options. https://inflationprotection.org/legal-corner-does-an-inherited-ira-become-community-property-in-the-event-of-a-divorce/?feed_id=76798&_unique_id=6408636684add #Inflation #Retirement #GoldIRA #Wealth #Investing #BrianFleming #Havelock #Jacksonville #MichaelHudson #MyrtleBeach #NoTiesFinance #NorthMyrtleBeach #PineyGreen #RSWealthManagement #wealthmanagement #InheritedIRA #BrianFleming #Havelock #Jacksonville #MichaelHudson #MyrtleBeach #NoTiesFinance #NorthMyrtleBeach #PineyGreen #RSWealthManagement #wealthmanagement

How to Change Password for Fidelity Investments App

How to Change Password for Fidelity Investments App In this video, I'll show you How to Change Password for Fidelity Investments App. This is the easiest and fastest way to Change Password for Fidelity Investments App. Make sure you watch until the end of this video to find out How to Change Password for Fidelity Investments App on Android and iPhone. These methods work on Android as well as iOS 11, iOS 12, iOS 13, iOS 15 and iOS 16. Hope you enjoy! Video Parts: 00:00 Intro: How to Change Password for Fidelity Investments App 00:07 Changing Password on Fidelity Investments App 00:38 Outro: Ending Thanks for watching! ❤ Bytes Media © 2022 Topics Covered: Bytes Media how to how to fix How to Change Password for Fidelity Investments App how to change password for fidelity investments fidelity password fidelity login how to change fidelity wifi password i forgot my fidelity online banking username and password fidelity password requirements fidelity customer service fi...

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

How Annuity Education Can Help You Effectively Plan for Retirement with Annuities: Insights from IBC Global

Want to Learn If An Annuity Is Right For You? Thank you all for watching! Don't forget to subscribe for more! DISCLAIMER: All advice and/or opinions expressed in our videos are the result of our experience in the insurance and financial industries. Any action taken based on the information expressed in our videos is the sole responsibility of the viewer. All content produced by Steve Parisi and ILS Products is made for informational purposes only. #Finance #Annuity #Insurance... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Annuity Education: Effective Retirement Strategy - Utilizing Annuities Retirement planning is a crucial aspect of everyone's financial journey. With the goal of maintaining a comfortable lifestyle after ending decades of work, individuals often seek strategies that provide a st...

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