Posts Tagged ‘ beneficiary ’

5 Options for Individual Beneficiaries of an Inherited IRA

February 5, 2010 - Paperwork

In this post, we discuss what specifically happens when an IRA account holder dies.  What choices does the individual beneficiary have? Here, we’ll start with the individual (i.e. human being) beneficiary’s options for distributing Traditional or Roth IRAs (other types of IRAs, such as SEP IRAs, SIMPLE IRAs, and Self-directed IRAs, are beyond the scope…

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Last Week in Estate Planning (July 17 to July 23, 2011)

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One of my favorite passages in literature comes from Devotions Upon Emergent Occasions, Meditation XVII, by poet John Donne, written in 1624:  Read more...

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Latest Simpsons Episode Raises Concerns About Burns’ Estate Plan

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The first three minutes of the latest episode of The Simpsons, “Flaming Moe“, introduced a slew of interesting estate planning themes.  Spoiler alert: I reveal here these three minutes of the plot, which is then relegated to barely an afterthought for the remainder of the episode.  Read more...

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Probate In Real Life III: Rights Against Beneficiaries

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Today, we continue our discussion of probate and the executor’s duties.  In Part I, we discussed what happens if a named executor does not want to serve.  In Part II, we discussed inventories, the executor’s duty to control the estate’s assets, and the potential for the estate representative to suffer personal liability.  In this post,…

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6 Fundamental Questions Your Will Must Answer

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Today’s post is going to be more exciting than a Roy Halladay playoff no-hitter, more intriguing than the latest UFO sightings over China, and more powerful than a locomotive.  For today, we will discuss how every clause in a will answers at least one of six essential questions about your final wishes.  As usual, basic…

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