Retirement accounts often represents a sizable portion of a client’s net worth, and properly designating your client’s IRA and other retirement account beneficiaries is critical in successfully implementing any estate plan. Nonetheless, client’s and their advisor’s routinely drop the ball on both the successful design and implementation of retirement plan beneficiaries within their plans. When an IRA does not have a designated beneficiary, most plans require the decedent’s estate to be the default beneficiary. This usually produces unfavorable tax results. Strategies for avoiding this result can significantly improve the client’s wealth transfer, and provide the estate attorney with awesome leverage for further plan integration.
Articles and Publications
- “When is a motion to enforce a settlement agreement appealable?” By: Elizabeth J. McInturff, Esq.
- No Custodian of Records Certificate – No Problem? – By: Elizabeth J. McInturff, Esq.
- “Civil unions: Not so easy to walk away from” By: Elizabeth J. McInturff, Esq.
- “Family formation in a post-Roe world: A rise in second-parent adoptions?” By: Elizabeth J. McInturff, Esq.
- “Specific issue evaluations, and when are they needed?” By: Elizabeth J. McInturff, Esq.
- “Crypto: The new way to hide money under the mattress” By: Elizabeth J. McInturff, Esq.