Today, we’re going to talk about IRA trusts. These are a way to literally protect the beneficiaries from themselves and control how they get money. There’s two main types of IRA trusts: an accumulation trust and a conduit trust. An important aspect of both these trusts are if you’re leaving an individual retirement account, an …
How Inherited IRAs can be paid to beneficiaries
Today we’re going to talk about individual retirement accounts, also called IRAs and how they fit into estate planning for you. Before we get into everything, we need to explain a couple of definitions because this can get a little bit complicated and a little bit murky because some of the things sound the same. …