“Stretch-Out Trusts” For Retirement Benefits

Individual Retirement Accounts (IRAs) and other retirement assets such as 401(k) and 403(b) accounts always present a special challenge when it comes to estate planning.  In addition to being subject to the estate tax, retirement assets are also subject to income tax.  While other assets like homes, bank accounts and investment assets pass to your heirs income tax free, a beneficiary of a retirement account will owe income tax on 100% of the amount inherited.

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