Dash man
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We just completed revising our estate planning documents and made a lot of changes. One thing we learned based on a Supreme Court decision in 2013, is that inherited IRA and 401k accounts (other than by the spouse) are not protected from creditors or a divorce settlement.
Our attorney had us set up an IRA Trust to protect the assets and we are in the process of changing the contingent beneficiaries for all of our retirement accounts to the IRA Trust.
I hadn’t been aware of this and hadn’t seen it discussed here before.
Our attorney had us set up an IRA Trust to protect the assets and we are in the process of changing the contingent beneficiaries for all of our retirement accounts to the IRA Trust.
I hadn’t been aware of this and hadn’t seen it discussed here before.