A client announced his only son would be getting married later this year. He’s a proud father and is looking forward to becoming a grandfather. It also has him thinking about his future grandchildren and how important financial planning is. There are many ways we can better protect our children and our grandchildren from a financial stance. We do everything we can to keep them safe for as long as we can from an emotional and physical perspective, but when it comes to planning for the future – college funds, help with the down payment on their first home, covering the bases if something should happen to us – well, it can become overwhelming. IRA Beneficiary Trust One of the better strategies is found in an IRA beneficiary trust. By naming your child or children as beneficiaries, when a parent with an IRA dies, those children receive the benefits of the assets in the account. IRS Code requires that all beneficiaries who are not the spouse begin taking minimum distributions from th
Posted on: Fri, 10 Oct 2014 13:52:24 +0000
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