• Home
  • Areas of Practice
  • Blog
  • Resources
  • About
  • Contact Us

315 West Ponce de Leon Avenue, Suite 1080, Decatur, GA 30030Contact us today to set up a consultation

Atlanta Collaborative and Family Law Attorney

Georgia Lord

678-271-0305

  • Home
  • Areas of Practice
    • Family Law
    • Disability Rights
    • Collaborative Practice
  • Resources
  • About
  • Blog
  • Contact Us

Have Sizeable IRAs? Divorcing? Consider Trusteed IRAs

June 30, 2016

IRAs make up a significant portion of many individuals’ financial assets. If you have sizeable IRAs, it is important to periodically review whom you designated as the beneficiary for these accounts and whether it is time for a change. Many who are considering divorce, or were recently divorced, want to remove their spouse as their designated IRA beneficiary.  When making this switch, it would be wise to thoughtfully consider the options and work to steer clear of potential problems. For example, individuals with children often wish to designate their children as the beneficiary for their IRA. They should consider whether their children are sufficiently mature to manage these resources wisely. Many young adults who obtain unlimited access to funds yield to the temptation to cash out the account (despite the tax penalties involved) and spend the funds quickly. Even if the owner of the IRA is confident that their proposed beneficiary will be fiscally prudent, it would also be wise for the account holder to consider the possibility that either the account holder or the beneficiary may suffer a disability that leaves them unable to manage the account. [Read more…]

Filed Under: Divorce, Financial Planning, Uncategorized Tagged With: divorce, Financial Planning, Georgia Lord, georgia lord attorney, IRA, Lisa Lubar, Trusteed IRA

Blog Categories

  • Child Custody
  • Child Support
  • Collaborative Law
  • Disability Rights Law
  • Divorce
  • Family Law
  • Financial Planning
  • Firm News
  • Guardian ad litem
  • Same-Sex Couples
  • Uncategorized

Latest Posts

  • Georgia Lord Chosen to Chair Training on Child Custody Litigation
  • Georgia Lord Teaches Family Lawyers, Chairs Judges Panel Discussion
  • Have Sizeable IRAs? Divorcing? Consider Trusteed IRAs

Recent Tags

accommodation ada ADAPT adultery alimony Americans with disabilities act atlanta women's network Bar of the US Supreme Court child custody children Child support collection collaborative law Contempt Decatur attorneys DeKalb Bar Family Law Section disabilities rights attorney disabilities rights law disabled persons rights divorce doj epi-pen family law Financial Planning Georgia commission on child support Georgia Lord georgia lord attorney Georgia Supreme Court Guardian ad litem income deduction order income withholding IRA Justice Hunstein Lisa Lubar marriage equality MARTA Mobility MARTA paratransit MARTA privatization paratransit Peanut allergy same-sex marriage talking to children about divorce Trusteed IRA us supreme court

Address:

Georgia Lord Attorney
315 West Ponce de Leon Avenue, Suite 1080
Decatur, GA 30030
Phone: 678-271-0305

Office Hours

Mon-Friday: 9:00AM-5:30PM
After-hour appointments available

Radford & Keebaugh

Follow Us!

Follow Us on FacebookFollow Us on TwitterFollow Us on Google+
  • Georgia Lord Attorney

Route

Your location: No route could be calculated.

  • Home
  • Areas of Practice
  • Resources
  • About
  • Blog
  • Contact

Copyright © 2023 · Georgia Lord on Genesis Framework · WordPress · Log in