Your IRA statement says $900,000. Your kids will not inherit $900,000. Day two of our series sits in their chair for the one conversation that can change the number: the ten-year rule, their tax bracket, and the moves that only work while you are here.
You spent forty years building it. It will land in your kids' lap during the most expensive decade of their lives. This week we sit in their chair, because the best inheritance plans are designed from the receiving end.
Seven rental properties, one grieving widow, and no structure holding any of it. Part four of The Widow's Penalty is about the handoff: the inherited IRA rules that changed for your children, the tax break Arizona and Nevada families get that most of the country does not, and the refinance paperwork
Most people are blindsided by an inheritance. A lucky few can see it coming, and that window before it arrives is where nearly all the planning value lives. Part two of Both Ends of the Table.
The biggest mistake people make with an inheritance is moving too fast. Here is the calm, in-order list, and why the kind of money you inherited changes everything. The finale of Passing It On.