The cost of care can be significant for terminally ill patients and I often hear concerns from sick or elderly individuals that their care costs are eating into their children’s inheritance.
That means the inherited account must be fully distributed by the end of the 10th year after the account was inherited. In addition, the “stretch IRA” option that some people use to defray ...
This means that investors can inherit large portfolios – geared towards income – where they must immediately consider the consequences of additional income tax and the cashflow management issues that ...