Timothy Sumer

Orange County Estate Planning Attorney James F. Roberts answers FAQ and gives information on what is currently happening in estate planning. For married people typically their beneficiaries on things such as IRAs, 401Ks, and other qualified funds is our spouse. There are definite tax benefits from naming your spouse as your IRA beneficiary rather than someone else. Those benefits are not available to any other beneficiary other than the spouse. If a person passes away and named their spouse as their primary IRA beneficiary for these types of account then their spouse is the only beneficiary that can roll that IRA for their now deceased spouse into their own IRA. One of the main benefits is that the surviving spouse can now delay taking their distributions until reaching 70 and 1/2 years old and can still use the joint life expectancy table because it is now their IRA. This major benefit is one of the reasons that our office recommends naming the spouse the beneficiary of

Quick announcement! I’m working on building an online platform that will help you to easily create and maintain your estate plan -- if you’d like to get early access or learn more once we’re ready, fill out the 3 question form by clicking on the link below: For many, their IRA or retirement account is their largest financial asset. Find out how you should designate your primary and contingent beneficiaries, and whether you should designate a trust as a beneficiary.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA When it comes to ensuring your financial future, planning is essential. One of the many tools at your disposal is an individual retirement account (IRA). By contributing to an IRA while you're working, you'll have a reliable source of income when you retire. Another advantage of an IRA is that you can designate beneficia

Email info@legalees.com to request your free digital copy of the IRA Tax Disaster edition of Lee's newsletter.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Passing an Individual retirement account (IRA) on to your children may seem like an easy process, but there are many complexities to consider. In this article, we will explore the benefits and drawbacks of doing so, as well as the various methods to transfer an IRA to your children. Firstly, let's discuss some benefits of passing an IRA on to your children. One of the main benefits is that your children will receive the IRA's tax-deferred growth potential. That means they can continue to invest and grow the money without paying taxes on the gains until withdrawal. Another benefit is that your children can inherit the IRA's assets without having to go through probate co

Experts in trust and estate law explain typical IRA beneficiary scenarios and why it’s critical to review EVERY time you set up or rollover your IRA to avoid probate. #ira #retirement #retirementplanning #beneficiaries #actec #actecfellow The American College of Trust and Estate Counsel, ACTEC, is a national association of approximately 2,400 peer-elected lawyers and law professors from across the United States and abroad with expertise in estate planning, probate and trust administration. In this video: 00:00 Open 00:13 What happens if you do not have an IRA beneficiary designated? 01:20 Do you need to redo your beneficiaries when you roll over an IRA? 01:42 IRAs and surviving spouse as the beneficiary. 02:38 IRA with a young surviving spouse who does not want to defer. 03:41 How does an inherited IRA work? 04:55 Minor children of an inherited IRA. 06:39 Advice on preparing the IRA beneficiary designation form.... ( read more ) LEARN MORE ABOUT: IRA Accounts T

Let's sit down to discuss the reasons why leaving your IRA balance to children as contingent beneficiaries may not be the best method to keep assets protected.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/ira-trust-beneficiaries/?feed_id=50961&_unique_id=639ec2b50d983 #Inflation #Retirement #GoldIRA #Wealth #Investing #estateplanning #Fiduciary #investmentadviser #IRAbeneficiaries #MatthewsWealthManagement #MWMClassroom #retirementplanning #TaxPlanning #Trustplanning #InheritedIRA #estateplanning #Fiduciary #investmentadviser #IRAbeneficiaries #MatthewsWealthManagement #MWMClassroom #retirementplanning #TaxPlanning #Trustplanning