Downs Law Firm, P.C.

Beneficiary Designations

declining an inherited IRA

Why Decline Inheriting an IRA?

If the strategy is executed properly, an individual can disclaim interest in an inherited IRA and avoid any of the gift and income tax consequences associated with receiving the property.

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die without a will

What Happens If You Die with No Will?

It’s hard for a family to recuperate when the patriarchs and matriarchs have gone to glory, leaving a battle for who will carry the family’s leadership role and manage the family’s transition of wealth.

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beneficiary designation

Your Life Insurance or IRA has No Beneficiary?

If you’ve had an IRA and a 401(k) for many years, you may occasionally ask yourself some questions: ‘Am I contributing enough?’ ‘Am I still funding these accounts with the right mix of investments for my goals and risk tolerance?

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