IRAs
Inherited IRA Issues in North Carolina
Federal and state laws and regulations impact how tax applies to inherited retirement accounts. Inherited IRAs (Individual Retirement Accounts) face differing regulation…
Caveat to IRA Contributions
Americans’ deficiency in retirement savings has sparked headlines in the news and difficult discussions at home. A recent analysis by the Economic…
Inherited IRA Ruling: Distinctions Between Federal and State Tax Law
Our attorneys strive to share notable rulings and case law to help clients and other advisers understand how a court or officials…
North Carolina Retirement Concerns
Climate, cost of living, and amenities generally affect an individual’s retirement destination choice. North Carolina’s convenient location between major cities like Atlanta…
Inherited IRA Distributions Might Face Changes
Inherited Individual Retirement Accounts (IRAs) experienced a see-saw effect with bankruptcy for years. Last year the federal government ruled that IRAs are…
Protecting IRA Assets for Beneficiaries: IRA Beneficiary Trusts
Earlier this year the Supreme Court ruled in Clark v. Rameker that inherited retirement accounts are subject to bankruptcy claims. As a result of this…
Drawing Too Soon on IRAs
Americans between the ages of 61 and 70 are withdrawing money from their IRA accounts earlier than necessary. Required Minimum Distributions (RMDs)…
IRS Allows Rollover of IRA from Estate to Spouse
As I tell my clients and audiences during presentations, one should never name one’s estate as beneficiary of an IRA or other…
Senator Baucus Proposes Big Changes to IRAs
I’ve been a big proponent of planning to preserve the ability to “stretch” inherited IRAs over the life expectancy of the beneficiary,…
Drafting an IRA Trust – What You Need to Know
I have previously blogged about IRA Trusts, which are one of my favorite estate planning tools. This afternoon I presented a 90-minute national…
