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Inheriting an Individual Retirement Account (IRA) comes with a host of rules that can be challenging to navigate. One of the most important is the inherited IRA 10-year rule, introduced…

When it comes to retirement savings, many people wonder, “Do IRAs earn interest?” The simple answer is yes, but the rate at which an IRA grows depends on several factors.…

A special needs trust offers an effective way to safeguard assets while preserving essential government benefits for a family member with disabilities. However, the process of setting up this type…

A spendthrift trust is a special kind of trust designed to protect a beneficiary’s inheritance from their own financial mismanagement and creditors. It is often used when the beneficiary is…

Divorce can be a difficult process, especially when it comes to dividing assets. If you have a trust, you may be wondering what happens to it during a divorce. Understanding…

Setting up a Roth IRA for kids can be one of the smartest financial decisions you make for your child. It allows them to start building wealth early and offers…

Setting up a trust fund for a child is an important step in securing their financial future. If you want to save for education, offer long-term financial security, or protect…

If you’re asking, 'Do I need to report a Roth IRA on your taxes?' you’re not alone. Many individuals are uncertain about how to handle their Roth IRA on their…

When setting up an irrevocable trust, one of the key benefits is the protection it offers from creditors. However, many people wonder, can the IRS seize assets in an irrevocable…

When facing financial trouble, many wonder: Can IRAs be garnished? IRAs (Individual Retirement Accounts) are important tools for retirement savings, and knowing if they can be taken by creditors is…