Stretching inherited IRAs can be particularly advantageous to families. But sometimes, financial and legal advisors screw up the paperwork so badly that the IRA is disqualified. Tax preparers familiar with such snafus have some advice to avoid the more common problems. Keep IRAs out of trusts because withdrawals can’t be stretched over time. Heirs should retitle the account, but be sure the paperwork is in the proper format. Let beneficiaries know they can get a tax deduction for the estate tax paid on the IRA’s value even if someone else paid the tax. Many heirs don’t realize they can disclaim an inherited IRA and pass it to their children. Paperwork for this must be completed within nine months of the benefactor’s death.
UnitedHealth says one challenge is that a cost estimator tool doesn't reflect the value of supplemental benefits.
The companies say a distributed ledger system could be useful in reinsurance.
The publicly traded China Oceanwide unit says it needed cash partly because of the state of the economy.
Sponsored by LPL Financial
Get an in-depth look at how you can lock in future value through proven tactics that will grow your bottom line.
Sponsored by Smarsh
Many companies today are making the move to Office 365. Find out whether it’s the right move for your firm.
Don’t miss crucial news and insights you need to make informed investment advisory decisions. Join ThinkAdvisor.com now!
- Free unlimited access to ThinkAdvisor.com which provides advisors, like you, with comprehensive coverage of the products, services and trends necessary to guide your clients in making critical wealth, health and life decisions.
- Exclusive discounts on ALM and ThinkAdvisor events.
- Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.
Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.