Should I Leave My IRA To My Grandchild?
Episode 299
Should I Leave My IRA To My Grandchild?
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Equipping Points:
Many grandparents want to leave a meaningful financial legacy, but choosing the right assets to pass along isn't always as straightforward as it seems. In this episode, David explores a common estate planning question and discusses why one approach may involve additional tax and administrative considerations. He also reviews several alternative strategies families may want to consider when thinking about transferring wealth to the next generation.
Here’s some of what we discuss in this episode:
⚖️ Tax Rules: Important considerations for inherited IRAs
🎁 Lifetime Gifting: Benefits of giving during your lifetime
👨👩👧👦 Family Planning: Looking beyond the IRA
🎓 College Impact: Financial aid considerations matter
🛡️ Trust Options: When additional controls may make sense
*Our firm does not provide tax, legal or estate planning advice or services.
Today's Takeaway:
Some of these episodes were recorded under the branding of KC Financial Advisors, which has since rebranded as CreativeOne Advisors Group. Any references to KC Financial Advisors should now be understood as referring to CreativeOne Advisors Group.
