Timothy Sumer

(949) 474-8440 Many people fail to recognize that IRA’s are unique assets and while a Trust may be ideal for the majority of your estate, naming a Trust as the beneficiary of your IRA is not usually the most tax efficient move. If you have more than one trust beneficiary, a Multi-Generational IRA strategy will not work as well with a Trust as with a named Beneficiary. All of the beneficiaries will be stuck using the oldest trust beneficiary’s life expectancy for purposes of calculating Required Minimum Distributions. Why is this important? The incredible opportunity for the youngest trust beneficiaries to enjoy tax-deferred distributions over their longer individual life expectancy can be lost. Of course there are some special situations where a Trust will make sense. Be sure to have all the facts and seek advice from qualified advisors. For an IRA Beneficiary Evaluation and Review call our office at 949-474-8440. ... ( read more ) LEARN MORE ABOUT: IR...

Get Whiteboard Animated Videos like this one for your business here: What happens if I you inherit an IRA from someone who is not a spouse and you'll decide to disclaim part or all of the benefits? If you decline to accept all or part of the IRA assets you are entitled to, they will pass to the other eligible beneficiaries. If no other beneficiaries exist, the assets will pass to the original IRA owner's spouse and then to the estate. A decision to disclaim IRA assets must be made within nine months of the original IRA owner's death and before you take possession of the assets. This is an irrevocable decision and must be weighed carefully. For more information on inherited IRA's, please contact our office.... ( 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/what-happens-if-i-inherit-an-ira-fr...