IRA Archives - About Estate Planning

Is My Children’s Inheritance Taxed?

Kevin McFadden — Wed, 07 Aug 2019 15:31:14 +0000

The general answer is no. The IRS doesn’t allow much to go untaxed, but most inherited assets are the exception (in Arizona at least). It does not matter whether the beneficiary received real property, stock or cash. Nor whether he or she received the inheritance via a Will or a… Read More

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Introduction to Self Directed IRAs

speakeasy — Wed, 18 Dec 2013 09:45:58 +0000

Self directed IRAs (SDIRA) have been around since the early 1970s. In spite of their history, they haven’t been all the rage until more recently thanks to media attention. The biggest press was on former Republican candidate Mitt Romney’s SDIRA. It shouldn’t be believed that only the most wealthy can… Read More

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“I thought a trust avoided probate!”

speakeasy — Fri, 13 Dec 2013 09:50:42 +0000

This question usually gets asked by the family after a loved one has died and they are told they have to go through probate. How did this happen? Yes, one of the benefits of a revocable trust is avoiding probate. The explanation everyone has heard is because the assets are… Read More

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Trends in Living Trusts Part II

speakeasy — Thu, 24 Oct 2013 10:33:12 +0000

Another trend in Living Trusts, or better said, Estate Planning, are IRA Qualified Trusts. Very often a individual does not want to leave a large IRA to their children or other heirs. The concern is they will cash it in and pay the large tax bill that will surely come when the IRA is… Read More

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