There is a way to receive a partial deduction for money that will eventually go to your children.
Why naming your Estate as your IRA Beneficiary may not be a good choice.
What you need to consider.
In many cases there are two separate groups of assets to be addressed.
Having a fully coordinated estate plan in place will allow you to have the peace of mind of knowing that your affairs will be handled as you intended.
6 significant differences between IRAs and other financial assets.
It makes sense when you consider why retirement accounts are protected.
Each financial institution has a unique default beneficiary sequence.