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Home / Archives for IRA

IRA

Beneficiary Designations and Other Non-Probate Transfers

April 28, 2020 by Yvonne Novak

article

Many of us are surprised that our assets may not go to those named in our Will. However, if you have assets controlled by beneficiary designations or other non-probate transfers, that’s the case. Read on to learn how a Will might not control all your assets. Read on to learn more. … [Read more...] about Beneficiary Designations and Other Non-Probate Transfers

Filed Under: Estate Planning, Legal Education Tagged With: bank accounts, brokerage accounts, estate planning, IRA, life insurance, retirement plan

Giving Back

January 20, 2019 by Yvonne Novak

giving

Giving back provides many benefits, whether in life or at death. The article explores ways of giving back and some of the tax benefits available, both during life and at death. The article provides a couple strategies to maximize the tax benefits, such as grouping deductions and doing a charitable IRA rollover. Giving Back … [Read more...] about Giving Back

Filed Under: Estate Planning, Legal Education Tagged With: charitable IRA rollover, charity, giving back, grouping deductions, IRA

Naming a Trust as Beneficiary of an IRA

November 30, 2018 by Yvonne Novak

Retirement-3

Whom should you name as the beneficiary of your IRA or Qualified Plan? Sometimes, it can be best to name a trust for your intended beneficiary. Read on to see the protections a trust can offer that a direct designation of the individual would not. Naming a Trust as Beneficiary of an IRA … [Read more...] about Naming a Trust as Beneficiary of an IRA

Filed Under: Estate Planning, Legal Education Tagged With: 401(k), Asset Protection, IRA, required minimum distributions

6 Important Estate Planning Considerations – Part 5: Retirement Assets

July 13, 2018 by Yvonne Novak

Retirement-3

Retirement assets may be a very large part of a person’s estate at death. It’s important to consider the income tax ramifications of naming a beneficiary, as well as protecting those assets for the beneficiaries. This article considers some of these issues. 6 Important Estate Planning Considerations – Part 5: Retirement Assets … [Read more...] about 6 Important Estate Planning Considerations – Part 5: Retirement Assets

Filed Under: Estate Planning, Legal Education Tagged With: 401(k), estate planning, IRA, retirement, Roth IRA

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Law Office of Yvonne Michaud Novak

Law Office of Yvonne Michaud Novak
202 West Superior Street, Suite 303
Duluth, MN 55802
United States (US)
Phone: (218) 720-2888
Fax: 866-366-7695

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