IRA Distribution & Legacy Planning
Serving Massachusetts Clients with Strategies to Distribute and Protect their Retirement Plans and IRAs
For many high earners, the Individual Retirement Account (IRA) represents their largest single asset and a significant part of their family’s financial future and legacy, perhaps for generations.
Unfortunately, many IRA owners do not take the time needed to carefully plan and coordinate their IRA in their overall estate plan, which invariably leads to costly consequences for their estate. In fact, IRAs have a complex set of rules and tax issues (i.e. income, estate, and generation-skipping implications) that must be followed. In addition, there are significant risks at the beneficiary level that IRA owners should be privy, in order to help ensure the IRA assets are protected and transition to the owner’s intended beneficiaries.
At the Law Office of Eric P. Zine, we’re savvy with the advanced issues surrounding retirement plans and IRAs and will help you integrate a suitable income and legacy strategy that avoids excess, unnecessary taxes and costly penalties. Concepts we’ll help you explore and consider, include the following:
- IRA Legacy Planning & Protecting Your Life Savings
- Tax Implications of Inheriting an IRA
- Required Minimum Distributions & Stretch Strategies for IRAs