One of the greatest gifts a grandparent or a great grandparent can leave to their grandchild is a portion of their IRA in their will. The ability for the grandchild to inherit an IRA and then stretch the distributions from that IRA over their life span is incredibly powerful from a tax saving and compounding perspective. It is truly one of the most exciting things that we do in estate planning in terms of transferring wealth to minor children or just younger generations.
Russ Nesevich is the Director of Estate Planning at King Financial Network. Russ works directly with families to help navigate solutions that help meet their needs. He mainly focuses on preserving wealth, minimizing estate taxes, and positioning clients to leave behind a legacy for future generations.
King Financial Network is an integrated, team-based network that takes a comprehensive, customized, and independent approach to guide you through Financial,Retirement,Tax, Insurance, and Estate Planning.
Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser.