Category Archives: Articles

You Don’t Have To Be A Millionaire To Leave A Legacy

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

Tell Your Family You Love Them – Write Your Will

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