You may be familiar with IRAs. You may also be familiar with Trusts, but have you heard of the ‘trusteed IRA’? The Trusteed IRA is an elegant financial planning tool that combines the best of the IRA world with that of the Estate document world. Learn more about the tool that many financial planners and estate planning attorneys are raving about.

No question that millions of Americans are using IRAs to save for their retirement. An estimated 48.9 million U.S. households, or 40.4%, owned IRAs as of 2012. However, current trends show that IRA withdrawals will increase significantly over the next decade, both in dollar amount and as a percentage of total retirement income, as the baby boomer generation enters retirement.

The problem, however, from an inheritance point of view that arises for the IRA creator is that when he or she dies, the beneficiary can withdraw part or all of the IRA funds at that time. That is probably not what the IRA creator intended long term.

What if there was a way, however, to control the ultimate beneficiaries, a way in which one could designate contingent beneficiaries that could not be altered by the primary beneficiary?

Enter the trusteed IRA or ‘individual retirement trust,’ an estate-planning device, which gives people considerable control and flexibility over their IRA funds.

To learn more about the Trusteed IRA, click here to download your free informational toolkit.

Alternatively, you can contact us at 855-617-2990 or book online to get on our calendar. We begin our planning process with a Family Wealth Planning Session, during which you’ll become more financially organized than you ever have been before and you’ll finally be in a place to make informed, educated choices about the right plan for your family based on the things that really matter, instead of just shopping around by price.

Welcome To Griffin | A Professional Law Corp.!

Thanks for visiting us today, and considering our practice to be a part of your journey.

While we are open for business, we have decided to take our practice completely virtual, in light of the various pandemic guidelines and the number of individuals we meet with.  This means that, in order to protect everyone's health, we no longer offer in-person appointments.  Fortunately, we are set-up to conduct business virtually so that we can meet you face-to-face, through a video call and provide all services through phone, email and online systems we have in place.

We look forward to helping you grow and protect your business!

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