Many taxpayers have accumulated considerable assets in their retirement accounts, which may be in their 401(k) account or other types of qualified retirement plan. In rolling over retirement assets from an employer-sponsored retirement plan into a rollover IRA without a full understanding of the implications to their beneficiaries, the result can be a morass of penalties and complications.
This updated edition of Inherited IRAs is a current, accessible resource that explains these rules and provides guidance for effectively implementing an estate plan that includes retirement assets. This clearly written and logically organized guide includes more than 100 scenarios, questions, and answers that practitioners are most likely to encounter when dealing with often complex retirement asset distributions. Checklists, sample forms, and summaries of court rulings on inherited IRA cases provide additional tools and resources to help your clients through what is often a difficult time in their lives.
This edition is updated to include all of the recent changes to the rules and regulations surrounding estate planning and retirement asset distributions that have been enacted over the past year.