Traditional IRA Archives - About Estate Planning https://aboutestateplanning.com/category/traditional-ira/ Knollmiller & Arenofsky, LLP Wed, 12 Dec 2018 16:31:44 +0000 en-US hourly 1 Taxes on Inheritance https://aboutestateplanning.com/taxes-on-inheritance/ Wed, 12 Dec 2018 16:24:35 +0000 http://aboutestateplanning.com/?p=1418 I have addressed this in prior blog posts but it bears revisiting this topic since this comes up frequently in my meetings with clients. The question is typically asked this way: “Will my heirs have to pay taxes on the inheritance I leave them?” or something similar. Let me start… Read More

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]]> Is My Estate Taxable When I Die? https://aboutestateplanning.com/is-my-estate-taxable-when-i-die/ Thu, 03 May 2018 17:11:06 +0000 http://aboutestateplanning.com/?p=1359 This is a pretty common question. I think there is a lot of misconceptions that an inheritance is taxable. For the most part it is not. Arizona doesn’t have an inheritance or death tax. There is a federal estate and gift tax but unless your estate exceeds 11 million dollars… Read More

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]]> Are Inherited IRAs Subject to Creditor Claims? https://aboutestateplanning.com/are-inherited-iras-subject-to-creditor-claims/ Mon, 16 Jun 2014 22:51:14 +0000 http://aboutestateplanning.com/are-inherited-iras-subject-to-creditor-claims/ The answer is YES. On June 12th the Supreme Court of the United States handed down a decision stating that Inherited IRA’s are subject to the claims of creditors. For anyone who inherits an IRA, creditors or a spouse in a divorce can attach that inheritance if not properly planned.… Read More

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