IRA Trusts

IRA Trusts should be considered by clients who have $200,000 (or more) of value in an IRA account. An IRA Trust is a special kind of revocable trust (meaning that it can be modified, revoked, or amended by the client after they create and fund it) that serves as the beneficiary of your IRA funds.

Working with IRA Funds involves navigating a virtual minefield of taxes and penalties should an attorney or client make a mistake; qualified assistance from Bezaire, Ledwitz & Associates ensures that your IRA Trust will function according to your wishes.

Once the IRA Trust is established and begins receiving funds, clients can establish sub-trusts within the large IRA trust for the benefit of spouses, children, and other beneficiaries. This provides asset protection to beneficiaries (from liability, lawsuits, or other challenges), removes difficult decisions for your heirs about whether to cash out the IRA, and ensures that your wishes for the IRA funds are respected with regard to who gets what.

IRA Trusts are complex Estate Planning tools that require an experienced and thoughtful attorney, like those at Bezaire, Ledwitz & Associates. Working with IRA Funds involves navigating a virtual minefield of taxes and penalties should an attorney or client make a mistake; qualified assistance from Bezaire, Ledwitz & Associates ensures that your IRA Trust will function according to your wishes.

Upcoming Zoom Seminars Concerning Changes to Tax Laws.

We understand that face-to-face meetings is not ideal at this time. We want to make sure that you stay informed about several changes to the tax and estate laws.

We will have a series of virtual seminars held by Samuel B. Ledwitz over the next few months to keep you are aware how you can reduce your Tax Liability before changes take place in the tax code.

Please contact us at Info@ledwitzlaw.com if you are interesting in attending seminars and workshops that will help you best prepare.

COVID-19 Information

We are open for both In-Person and Virtual Meetings.

Our office and staff are well equipped  and follow all proper safety measures to have a safe in-person meeting.

We also have Zoom capabilities as well as other popular programs to have a comprehensive virtual meeting with you.

 

Need help planning for the future?

 

Call us for a free consultation at 310-316-2400,

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