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Tag Archives: Inherited IRA

Guardianship & Money: What happens if the person you choose isn't good with handling finances?

IRAs, Annuities and Guardianship: Providing for Your Minor Children After You Die

By Andre O. McDonald |

For most parents, making decisions regarding guardianship of their minor children is the most vexing part of estate planning. Not only must you trust the appointed guardian to raise your children as you’d want them raised, but you also need that person to be financially responsible with your children’s inheritance. For example, if you… Read More »

How IRA retirement savings fit into your estate plan

How Does an IRA Fit Into Your Estate Plan?

By Andre O. McDonald |

When you think of IRAs, you probably think of retirement. But what happens to your IRA money after you’re gone? The answer depends on how you go about creating your estate plan and selecting beneficiaries, and you might be surprised to find out that your money could end up with the wrong people or… Read More »

How to Protect an Inherited IRA from Creditors

Warning: Don’t Let Creditors Inherit From You

By Andre O. McDonald |

3 Options Available To Surviving Spouses for an Inherited IRA Shocking to most people, the retirement account you leave for your spouse can be seized in a divorce, lawsuit, or bankruptcy. When your surviving spouse receives the inherited IRA, he or she generally has three options:   Cash out the inherited IRA and pay… Read More »

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