RMD | Law Firm Newswire

Virginia Beach, VA (Law Firm Newswire) April 5, 2016 – A significant part of an estate plan can be the designation of a person’s IRA beneficiary. If an IRA account owner does not name a beneficiary, their heirs could be required to pay more income and estate tax than necessary following their death. It is recommended that an account owner modify IRA beneficiary designations to suit their objectives. Usually, people name their spouses, children or grandchildren as beneficiaries. Another possibility is to designate a trust, a charity, or a group of persons, trusts or charities. Following the account owner’s death, […]

Continue reading full article »