Retirement Account Planning

Retirement accounts often represent one of the largest components of an individual’s estate. Planning for how these assets will be managed, distributed, and taxed after death is a critical part of any comprehensive estate plan. Retirement accounts, such as 401(k)s, IRAs, and pension plans, have specific rules governing beneficiary designations, required minimum distributions, and taxation. Without proper planning, beneficiaries may face accelerated tax obligations, loss of asset protection, or unintended disinheritance.

SERVICES

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    BENEFICIARY DESIGNATIONS & COORDINATION
    A retirement account’s beneficiary designation overrides what is written in a will. This makes it crucial to ensure that designations align with the rest of your estate plan. Regular review prevents conflicts, especially after major life events such as marriage, divorce, or the birth of a child.

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    TAX-EFFICIENT DISTRIBUTION PLANNING
    Retirement accounts are subject to strict IRS distribution and tax rules. Proper planning can help beneficiaries defer or reduce taxable income while maximizing the long-term value of inherited assets.

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    TRUSTS FOR RETIREMENT ACCOUNTS
    Establishing a trust to receive retirement assets can help protect beneficiaries, control distributions, and preserve tax efficiency — especially for minors, special needs beneficiaries, or spendthrift heirs. These trusts must be carefully drafted to meet IRS “see-through” requirements.

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    SPOUSAL & FAMILY PLANNING
    For married clients, retirement assets often play a central role in spousal and multigenerational wealth transfer. Coordinating these assets through trusts and beneficiary planning ensures that both the surviving spouse and children receive long-term financial protection.

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    CHARITABLE & LEGACY PLANNING
    Retirement assets can also be powerful tools for charitable giving. Leaving retirement accounts to qualified charities can eliminate income tax obligations and preserve other estate assets for family members.