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Should You Leave Your IRA to a Child?

July 2, 2018 by The Goff Financial Group Leave a Comment

Inherited-IRA-goff-financial-houston

Can a child inherit an IRA? The answer is yes, though they cannot legally own the IRA and its invested assets. Until the child turns 18 (or 21, in some states), the inherited IRA is a custodial account, managed by an adult on behalf of the minor beneficiary.1,2 IRA owners who name minors as beneficiaries […]

Filed Under: 401k, 401k Plans, Estate Planning, Inherited IRA, IRA, Trust Funds, Wealth Management Tagged With: estate planning, Inherited IRA, IRA, Retirement

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