Designation of IRA and other retirement account beneficiaries can be a complicated decision for most clients, and Trusts which hold individual retirement accounts are even more complicated. When they converge — for instance, when someone names a trust as a beneficiary to an IRA — things can go very wrong, and that can be very expensive. Inherited IRA’s naming outright beneficiaries, classes of beneficiaries, or the estate of the decedent, often become a bone of contention in estate administration, and improper planning, or lack of knowledge can expose practitioners to serious consequences, and potential claims of malpractice.
Articles and Publications
- Crisis Planning—When the Nursing Home Is the Only Option Left
- A Simplified Walkthrough of the Maryland Probate Process
- Navigating the Necessary Evil of Guardianships in Maryland
- Legal Oversights: 5 Common Business Blunders
- Deciphering Medicaid Long Term Care in a Nursing Home Crisis
- Challenging a Will: A Guide to Understanding Undue Influence and Elder Abuse