Receiving an inheritance can be a significant and emotional event. Managing inherited assets, such as trusts, is often complex, particularly when they span international borders. Trust beneficiaries often need guidance in navigating their windfall.
Recently, a client shared her gratitude about inheriting from her uncle’s trust, only to find herself entangled in unexpected legal and tax issues because she lives outside America…. Read more
Did you know that inheriting an IRA comes with its own set of rules and opportunities? Recently, I had a discussion with someone who just received a “Beneficiary IRA” and was facing the common, yet complex, issue that many inheritors face: What’s the best way to handle the required minimum distributions? … Read more
Did you recently inherit a stock and bond portfolio? Feel uncertain about your next steps? Navigating new assets can be daunting both to new and seasoned investors.
Managing an inherited portfolio effectively means aligning it with your financial goals and risk tolerance. Imagine inheriting a large sum in a single stock;… Read more
If you live in Israel and receive an inheritance from someone who passed away in America, should those funds go in your name alone… after all, you were the beneficiary… or should you put them in a joint account with your spouse?
The right answer depends on your unique situation. Over the past 30 years of helping individuals who receive USD inheritances (including inherited IRAs),… Read more
Receiving an inheritance creates conflicting emotions for anyone who’s recently lost a loved one. Grief is powerful, and when the pain of a loss is still fresh, it tends to overwhelm all other senses — including those that can give us a more practical perspective…. Read more
For families who have accumulated sizable estates, one of their greatest concerns is passing down that wealth to the next generation in an effective manner…. Read more
While “inheritance” and “legacy” are frequently interchanged, there is an enormous difference in the words. And if you confuse them, you might end up ruining them both.
One you can get help with, and one is up to you. Can you guess which is which?… Read more
Sitting down with a new client, I encountered a common, rather disheartening tale of inheritance gone awry. The legacy that her father had carefully planned through a “transfer-on-death” (“TOD”) account with a U.S. brokerage firm seemed straightforward, but the reality of accessing the funds was very different…. Read more
The challenges of receiving a U.S. inheritance can be broadly categorized into two phases: the transfer of assets and management of these assets once received. Each phase comes with its own set of risks and hurdles to overcome. Last week we covered the inheritance transfer (call 02-624-2788 if you want a copy of the article);… Read more
The challenges of receiving a U.S. inheritance can be broadly categorized into two phases: (1) the transfer of assets and (2) management of assets once received. Each phase comes with its own set of risks and hurdles…. Read more
