IRA - Idaho Estate Planning

Update Beneficiaries Unless You Want Your "Ex" to Get the Insurance Money

While an up-to-date beneficiaryform avoids uncertainty and probate, and oftentimes taxation, an out-of-datebeneficiary form can induce controversy and distress. This teaching point wasoutlined in Hillman v. Maretta, a veryrecent case on beneficiary forms and the disaster that went all the way to...

Careless Beneficiary Designation Can Be Estate Planning Kryptonite

We first shared this story back in 2011. Nothing has changed much since then as far as the need to be careful when designating beneficiaries. Please read the article then give us a call.Whatis the quickest way to un-do an otherwise carefully planned estate? Opena bank account, brokerage or...

Inherited IRAs in Idaho Still Require RMDs

The different ways you inheritassets are just as varied as the assets themselves. Such is the case with aninherited IRA. When is it “yours” and how do you avoid tax issues?The Slott Report recently addressed the consequences of when asurviving spouse inherits the IRA of their deceased spouse...

Obama vs Romney Again? Proposed Budget May Attack IRAs

You may have heard there are afew budget plans meandering around the capitol, one of which is President Obama’sproposed budget. We don’t have many details as of yet, but self-employedprofessionals should take note – they could be tax targets when it comes totheir retirement savings.For...
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