Friday, October 21, 2011

IRA Beneficiary Designations

I find that most people do not want to think about their own death, but usually realize they need a will.  However, it is equally important to think about those assets that pass outside of your will, such as retirement accounts.  Designating a beneficiary is really a bit trickier than most people think - such as not naming a minor, or setting up tax planning trusts, but simply naming your spouse.  I recently read a relevant article that highlights some of these issues.
http://trustsandestates.com/news/estate_death_ira_beneficiary/

Welcome to our new Blog!  We will be using this portion of our website to post legal updates, news of interest, and other items for our clients and potential clients.  Please feel free to check back here often.