Twitter Weekly Updates for 2010-08-08

Posted by on Aug 8, 2010 in Legal News |

  • What will happen to your business if something happens to you? Do you have a Cross Purchase Buy-Sell Agreement in place? #
  • Did you know that a Charitable Remainder Trust can both limit your estate tax and reduce your annual income tax? http://www.wfplaw.com #
  • Who is taking care of your children if something happens to you? Is that in writing? Do you want that same person ma…http://www.wfplaw.com #

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Your IRA Might Not Be Protected

Posted by on Aug 2, 2010 in asset protection, estate planning, Legal News, Trusts |


Even if you remember to assign your IRA with the correct beneficiary designation, there are many benefits in using a trust to distibute your IRA after death.   One such benefit is the ability to provide asset protection to your beneficiaries once they receive the money from the IRA.  Recently, the Florida Supreme Court ruled that inherited IRA’s do not have the same asset protection features as self-owned IRA’s do.  A trust would supply the asset protection that an inherited IRA currently lacks.

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