April 12, 2022
What Does Spouse and Non-spouse Survivor RMD’s on 401k, 457, IRAs Prior to the Secure Act Mean Now?
Estate Attorney and Advisor Chris Berry of Castle Wealth Group answers questions on retirement and estate planning every Wednesday at 1pm www.wisdomwebinar.com to register or give our office a call at 844-885-4200. Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning, and tax planning from their offices in Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi. In this week’s webinar, Attorney and Advisor Chris Berry of www.castlewealthlegal.com answers the below questions.
- 0:00 Introduction / Positive Focus
- 3:17 What is a Medicaid Annuity. is it permitted in Michigan and how does it work?
- 8:30 Last week you told how a Roth with a Legacy Trust as beneficiary could be split into new Roths for the children. Who is the beneficiary of these new Roth’s Is it the Separate Share Trust or the children directly? Who decides?
- 15:08 This could probably be an entire webinar, but can you discuss the spouse and non-spouse survivor RMD’s on 401k, 457, IRAs prior to the Secure Act and what it is now? Also, I understand Roth 401ks are subject to different rules than Roth IRAs.
- 25:28 Who decides on equal shares?
- 26:33 To increase my wealth transfer capability in 2022, consuming any of my $16,000 gift exclusion amount per individual or my lifetime $11.7 million, I am planning to open a new separate credit card in my name with two adult children added as an authorized user in that card?
- 28:46 Follow-up on equal shares.
Visit our websites to learn more https://michiganestateplanning.com/ https://www.castlewealthlegal.com/home
About Castle Wealth Group
Contact Castle Wealth Group for all your estate planning needs. We build a perfect strategy for your retirement, including income planning, investment planning, tax planning, health care planning, and legacy planning. Visit our website or call us at 844.885.4200 or email us for your financial advice.
Join our Weekly Wisdom Webinars
Estate Attorney and Advisor Chris Berry of Castle Wealth Group answers questions on retirement and estate planning every Wednesday at 1pm www.wisdomwebinar.com to register or give our office a call at 844-885-4200.