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2 result(s) displayed (1 - 2):

September 05, 2011

Inherited Roth IRA

Even though an inherited Roth IRA is subject to tax levies when transferred to beneficiaries, it can be a smart approach for keeping financial assets out of probate. Account holders pay taxes when they make deposits into the IRA, but fund might be subjected to estate tax if they exceed allowable exemptions.

When heirs acquire an inherited Roth IRA it's best to retain the services of a tax accountant. Rules surrounding estate tax has changed over the past three years, with additional changes planned for 2012.

Real Estate Investing article on "Inherited Roth IRA "

July 03, 2011

Inherited Roth IRA

While an inherited Roth IRA can pose tax consequences for beneficiaries, it is a good way to transfer wealth to loved ones without the hassle of probate. Although Roth IRA contributions are not taxed when funds are withdrawn, they are subject to estate tax.

Numerous rules surround inherited Roth IRA accounts, so beneficiaries should obtain counsel from a tax accountant or probate lawyer. Estate tax is assessed on the value of the Roth IRA, but distribution proceeds are exempt from income tax; eliminating tax burdens to spouse and non-spouse beneficiaries.

Real Estate Investing article on "Inherited Roth IRA "