Estate Planning & Retirement Benefits

Planning the Future & Protecting Your Family   One of the principal tools used in estate planning today is the Revocable Living Trust. In fact, more than half of individuals now uses a Revocable Living Trust in lieu of a Will to provide for the transfer of their assets at death. In addition, married couples

Protecting Your Nest Egg From The IRS

With the introduction of the Roth IRA under the Taxpayers Relief Act of 1997. There is much hype about the possibility of creating a retirement plan from which you’ll be able to withdraw funds free of federal income taxes. Yet for many people, particularly those approaching the age of 70, rolling your traditional IRA into a Roth IRA may not be an attractive option. For these folks, understanding the rules applying to your traditional retirement account (IRA) is critically important. Failure to understand IRS’ IRA rules and properly integrating your individual retirement account planning with your overall estate planning can spell disastrous results. The reason: unpaid federal and state income taxes and the possibility of estate taxes resulting from your IRA account.