An IRA Inheritance Trust Allows You To Leave a
Legacy For Future Generations
IRS regulations require that the owner of a Traditional IRA begin withdrawals at age 70-1/2. These withdrawals are referred to as “Required Minimum Distributions” (RMDs) which are considered income to the recipient and are therefore taxable. The Required Minimum Distributions (RMDs) are calculated based on the life expectancy of the owner using life expectancy tables. But what happens to the IRA after the owner’s death? Continue reading
Estate planning is not only for the wealthy
It’s been said that two things in life are inevitable: Death and Taxes.
Many people feel uncomfortable talking about either subject, but with wise preparration now, you can make the inevitable easier for those you leave behind. Continue reading
Clients from all walks of life turn to Attorney Patricia Ferrari for help in designing a plan to protect assets. Published February 2014. Click here to read the full story in Neighborhood News & Lifestyles.
USA Today recently had a front page story –Two exes, a spouse, kids, stepkids – Now try drafting a will. In today’s society there are more and more blended families, which makes having a will even more important. But your family dynamics really don’t matter having a will should be a priority. According to attorney Les Kotzer “Everybody need to plan because we’re all going to die. It’s not if, but when.” Continue reading