Orange County Estate Planning Attorney discusses things to consider when creating and modifying your estate plan and whether to include your retirement plans in your trust.
Should You Include Your Retirement Plan in Your Trust
Do you have a Retirement plan such as CALSTERS, CALPERS, 457, or a 403B? These are assets that should be included in your estate plan. They are pre-tax money and therefore there are specific ways you want to handle them. You never want your pretax retirement plan to be owned by the trust. You always want these assets addressed from a beneficiary designation form. Making sure that beneficiary form is current and up to date with the estate plan is absolutely critical in making sure that the people you intend to provide for, are actually provided for on that form. If you have any questions about what you need to do to coordinate this with your estate plan then give us a call and we are happy to assist you.
Follow up with your estate planning attorney to ensure that your estate plan honors your wishes and is set up correctly. Contact us today and set up an appointment.
We offer a many different resources and pamphlets on the subject of creating, updating and implementing estate plans. We also offer a regularly scheduled seminar in our office to help people determine what the best options are for them in their estate planning needs. We hope you sign up for one of our seminars to help you find your best options. We regularly conduct free seminars designed to teach about the benefits of creating an estate plan. The seminars are held on-site at our Anaheim office inside of our “classroom”. We offer light snacks and refreshments to the attendees and the group is often small and intimate, which allows for questions to be asked comfortably and for a very relaxed environment. Please encourage your loved ones to attend the seminar so that they may learn more about the estate planning process and benefits.