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
- Caveat Filings in Maryland: An Overview
- “The importance of determining a child’s home state” By: Elizabeth J. McInturff, Esq.
- Shipwrecked: Navigating the Turbulent Tides from Medicare to Medicaid
- Married with Long-Term Care Needs? How to Win Medicaid Approval as a Team
- The Maryland Medicaid Long-Term Care Program and How to Apply for Benefits
- A Comprehensive Guide for U.S. Citizens Inheriting Assets from Abroad