The Goralka Law Firm (of Sacramento, CA) writes about Revocable Living Trusts, Wills, Powers of Attorney, Living Wills, Healthcare Power of Attorney, Life Insurance Trusts, Family Limited Partnerships, Limited Liability Companies, Corporations, Charitable Trusts, Medi-Cal Planning, and Other Estate Planning and Tax Planning Strategies.
Succession Planning for Retirement Accounts typically involves two (2) goals or concerns. First, deferral of income tax. The key is for the retirement account to remain income tax deferred for the longest period of time. This is accomplished when your children or other beneficiaries are able to keep the retirement account tax deferred until they attain the age of 70.5. Second, creditor, lawsuit and divorce protection. The US Supreme Court ruled only a few months ago that an inherited IRA is not entitled to any asset or creditor protection.
You may need an IRA Inheritance Trust in addition to your Living Trust!
The Goralka Law Firm is conducting a FREE Seminar addressing these concerns.
MONDAY, NOVEMBER 10th 5:30 PM - 7:30 PM
TUESDAY, NOVEMBER 25th 5:30 PM - 7:30 PM
Call (916) 440-8036 or click HERE to sign up online to RSVP!