Category: Estate and Gift

The rules governing inherited IRAs can be complicated. Here are the major issues. Transferring inherited IRA assets If you inherit an IRA from someone who isn’t your spouse, your options are fairly limited. You can’t roll the proceeds over to your own IRA, treat the IRA as your own, or make any additional contributions to the IRA. What you can do is transfer the assets to a different IRA provider, as long as the registration

You’re beginning to accumulate substantial wealth, but you worry about protecting it from future potential creditors. Whether your concern is for your personal assets or your business, various tools exist to keep your property safe from tax collectors, accident victims, health-care providers, credit card issuers, business creditors, and creditors of others. To insulate your property from such claims, you’ll have to evaluate each tool in terms of your own situation. You may decide that insurance

The following information is reprinted with permission from Forefield, Inc. The tax code allows IRAs to be created as trust accounts, custodial accounts, and annuity contracts. Regardless of the form, the federal tax rules are generally the same for all IRAs. But the structure of the IRA agreement can have a significant impact on how your IRA is administered. This article will focus on one type of trust account commonly called a “trusteed IRA,” or

Currently, there is a window of opportunity for Estate Planning. With current provisions set to expire at the end of 2012, view this short video clip to learn how you might take advantage of the current provisions Estate Planning – 2011 and 2012 Window of Opportunity