Why Your IRA Is At Risk For Your Beneficiaries | #RichLifeLawyer Show 76
Whether you know this or not, your IRA, while you are alive, is protected from most creditors.
It is protected from most lawsuits.
It is protected from almost everything.
This is not the case, however, when your kids or others inherit your IRA when you die. The reasons for this aren’t that important – *what is important is understanding that all of your hard work and saving could be wiped out in months if you aren’t careful.*
So what is the solution? An IRA Trust.
An IRA trust ensures the funds remain safely away from creditors and others that want to latch on to the money and ensures your loved ones don’t make terrible decisions that waste away all of your IRA funds.
LINKS
https://cmslawfirm.com/family-quiz
https://cmslawfirm.com/business-quiz
MY NEWEST ARTICLE –
https://cmslawfirm.com/five-reasons-probate-takes-so-long/
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Christopher Small knows how to help people get rich and live forever. He is more than just an estate planning lawyer. He wants to help you create legacy.
That’s what The #RichLifeLawyer Show is all about. It’s his way of providing awesome value for free. The goal of this show is to give you life hacks that will help you build wealth, create generational wealth, and protect your family.
You’ll find information here on estate planning, financial planning, productivity, finance, self-improvement, family protection, tax avoidance, and anything else Christopher thinks will help improve your quality of life (and after-life).
Christopher is a Bellevue estate planning lawyer with CMS Law Firm LLC. He is a speaker, a blogger, a husband, a father, a golfer, and really good at helping people create the life of their dreams.
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