This is another in the series of blogs on the basics of estate planning. In the last blog in the series, we looked at how trusts can be used to help with Medicaid planning. In this blog, we’ll see how trusts may be used with retirement plans and IRAs. A retirement plan (like a 401(k)) or an IRA may name an individual, a trust, or something else as the beneficiary of the benefits. If an individual is named, that individual’s life expectancy is used. You’d use the single life table which can be … [Read more...] about Basics of Estate Planning: IRAs, Retirement Plans, and Trusts
