Qualified Trusts For IRAs And 401(k)s

Comprehensive estate planning is more than just creating a simple will. There are many assets that a will cannot legally account for. This includes accounts such as IRAs, 401(k)s and life insurance policies. If you do not properly address how you want these assets to be distributed upon your death, the law will make that determination for you. Unfortunately, your final wishes may not align with these succession laws. The time to address all your estate planning needs is now. By working with a qualified lawyer, you can ensure your final wishes will be upheld.

Estate Planning For Retirement Accounts And Life Insurance Policies

At Worth, Magee & Fisher, P.C., we help clients identify what assets are held in their retirement accounts and life insurance policies, what can and cannot be controlled by a will, and the best methods to distribute their wealth. There are many estate planning options for these accounts that we can explore, including:

  • Qualified trusts for retirement accounts when there are minor children
  • Trusts to address joint ownership accounts and rights of survivorship
  • Trusts to address how the untaxed income comes out of a 401(k) or IRA
  • Pass-through trusts to leverage tax benefits

Our estate practice is led by Attorney Eric Strauss. Attorney Strauss focuses solely on estate and probate matters in Pennsylvania. He has an in-depth understanding of the many factors that may influence distributions from IRA's and qualified plans. As your attorney, he will educate you on the specific estate planning laws, IRS regulations and taxation requirements that affect your accounts. Attorney Strauss will also help you understand the most appropriate method to obtain your estate planning goals regarding your 401(k), IRA and life insurance policy.

Learn More About Your Options. Contact Us Today.

We encourage prospective clients to contact our Allentown trust attorneys to schedule a consultation. Our law firm represents clients throughout the Lehigh Valley.

Free consultations for estate planning clients.