Orange County California

Trust Attorneys


Who Should Be Your Beneficiary to an IRA Account? Answered by Orange County Estate Planning Attorney James F. Roberts

The selection for your beneficiary to an IRA account and 401k accounts is very important.

Unfortunately, some estate plans can be very complicated and set up a large amount of restrictions and then do not coordinate the accounts with the estate plan. This can make the estate plan provisions that were carefully crafted to make the beneficiary to an IRA or 401k account fulfill certain things such as drug tests or other activities deemed necessary by the creator useless. If the accounts such as the IRA, 401k and life insurance pay out to the beneficiary without having been coordinated with the estate plan then none of those provisions will be enforced. Follow up with your estate planning attorney to ensure that the beneficiary to an IRA or 401k is set up properly and is coordinated and funded all the parts of your estate plan so that your wishes are carried out. Contact us today and set up an appointment.

We offer a many different resources and pamphlets on the subject of creating, updating and implementing estate plans. We also offer a regularly scheduled seminar in our office to help people determine what the best options are for them in their estate planning needs. We hope you sign up for one of our seminars to help you find your best options. We regularly conduct free seminars designed to teach about the benefits of creating an estate plan. The seminars are held on-site at our Anaheim office inside of our “classroom”. We offer light snacks and refreshments to the attendees and the group is often small and intimate, which allows for questions to be asked comfortably and for a very relaxed environment. Please encourage your loved ones to attend the seminar so that they may learn more about the estate planning process and benefits.

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