What do we do with:
Certificate of Deposits (CDs):
What do we do with Retirement Accounts?
401K, IRAs, Roth IRAs, and a number of other qualified plans are called retirement accounts. Retirement accounts have beneficiaries. You should check to see who you have nominated as your beneficiaries.
i. If you are married, the most common beneficiary designations are as follows:
ii. If you are single, the most common beneficiary designations are as follows:
iii. If you have SPECIAL NEEDS CHILDREN, please call your attorney to understand how to best assign beneficiaries on your retirement accounts.
Why isn’t the trust nominated as a beneficiary of my retirement account?
How should my beneficiaries be listed on Life Insurance policies?
Whether you have life insurance through your employer or through a private entity, your beneficiary designations are very important.
i. If you have minor children, children with disabilities, if you want the children to wait to receive their inheritance, or no children and are married:
ii. If you have minor children, children with disabilities, if you want the children to wait to receive their inheritance, or no children and are NOT married:
I have assets overseas, how do I do my inheritance planning for those assets?
I own shares in a Corporation/LLC, how do I include those interests to my trust?
Remember, never undertake “guessing” how you should structure your Estate Plan or assign your interests in any company you won. Always talk to your Estate Planning Attorney to get the best advise based on your family situation, the restrictions of the business, and/or the type of asset it is you are trying to include in your trust.