Inheriting an IRA can be a double-edged sword for individuals with special needs, potentially jeopardizing their eligibility for essential government benefits. 👉 Book a Call at https://www.cunninghamlegal.com/book-your-appointment/ for estate planning, special needs trusts, and benefits planning.
Inheriting an IRA can be a double-edged sword for individuals with special needs, potentially jeopardizing their eligibility for essential government benefits. Join our expert-led webinar to explore the negative impacts of inherited IRAs on special needs planning and discover actionable solutions to navigate these challenges. We’ll cover the impact of inherited IRAs on government benefit eligibility, Strategies to manage Required Minimum Distributions (RMDs) under the Secure Act, Tax implications of inherited IRAs and how to minimize the burden, and the role of Special Needs Trusts in safeguarding benefits while maximizing IRA value.
–Contents of this video——
0:00 Intro to Inherited IRAs Risks for Special Needs
1:06 What and who is a special needs trust for?
2:55 Questions for anyone thinking about a special needs trust
6:43 What is a special needs trust
10:14 Special needs planning with IRA’s 401(k)s
17:09 Alternatives to a special needs trust
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