Planning for Multiple Beneficiaries – 5 Easy Steps
If you have more than one person in your life that you’d like to include in your legacy plan, you may be considering listing multiple IRA beneficiaries.
While this option is a great way to leave your assets to multiple loved ones, it can also leave your beneficiaries in a messy situation if not set up properly.
Maintaining separate accounts for each beneficiary can lead to additional fees and paperwork, but it could save your heirs unnecessary headaches down the road. It’s important to understand all of the options available to you and your family so that you can make the most of your inheritance.
For professional assistance with your beneficiary designations or estate planning needs, please contact our office at 703-466-0477 to schedule an appointment.
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