• What will happen to your business if something happens to you? Do you have a Cross Purchase Buy-Sell Agreement in place? #

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Even if you remember to assign your IRA with the correct beneficiary designation, there are many benefits in using a trust to distibute your IRA after death.   One such benefit is the ability to provide asset protection to your beneficiaries once they receive the money from the IRA.  Recently, the Florida Supreme Court ruled that inherited IRA’s do not have the same asset protection features as self-owned IRA’s do.  A trust would supply the asset protection that an inherited IRA currently lacks.

• Check out my latest articles: http://EzineArticles.com/expert/Michael_D._Wild #
• Unlike an IRA, a 401k will automatically transfer to a surviving spouse no matter who the designated beneficiary is. #
• Is a Charitable Remainder Trust Right For You?: http://EzineArticles.com/4710561 #

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