Understanding Retirement Account Beneficiaries: Guidance from a Portland, Oregon Inheritance Lawyer

Retirement accounts, such as 401(k)s and IRAs, are often significant components of your financial portfolio. But do you know who will inherit these funds when you pass away? It's a crucial aspect of estate planning that deserves attention. Here, a Portland, Oregon inheritance lawyer offers expert insight into how retirement accounts are handled after your death.

Naming Alternative Beneficiaries: A Simple Step with Big Implications in Oregon

The way we plan for the future can have profound effects on our loved ones. When it comes to estate planning, one essential but often overlooked step is naming alternative beneficiaries on your accounts.

Portland, Oregon Estate Planning Lawyer on How to Make a Charitable Bequest with an IRA

You can donate retirement accounts, such as an IRA, by distributing the proceeds to charity. However, the tax benefits for donating this way are minimal. A tax-efficient donation strategy is to contribute your retirement fund directly to a charitable organization as part of your estate plan.

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