Timothy Sumer

Orange County Estate Planning Attorney James F. Roberts answers FAQ and gives information on what is currently happening in estate planning. In this video he discusses naming the trust as a beneficiary to an IRA account.... ( 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 For many individuals, an individual retirement account (IRA) is a primary vehicle saving for retirement. IRAs can offer significant tax advantages, as well as flexibility and control over the distributed funds. However, many individuals may not know the benefits of naming a trust as a beneficiary to their IRA. There are several reasons why someone may choose to name a trust as the beneficiary to their IRA. For example, a trust can provide asset protection for beneficiaries, control over the distribution of assets, and the ability to transfer assets to future generations. Asse...

Orange County Estate Planning Attorney James F. Roberts answers FAQ and gives information on what is currently happening in estate planning. One of the reasons you may want to name a trust as beneficiary to your IRA rather than your children is that they may not be good with money management. Rather than having them blow through the money, you can name the trust as being in control of the IRA and it does have to distribute the required minimum distribution but the rest can be growing tax deferred and you can distribute to them in a way that it actually benefits the beneficiary and not let them go through the money too quickly. So if you have beneficiaries that are not good with money management you may want to consider an IRA beneficiary trust as a way to protect the assets for them and provide for them longer term. If you are concerned about beneficiaries needing a little help to protect their inheritance then contact us for an appointment.... ( read more ) LEARN MO...