Category Archives: Inheritance

Tax Implications of Inherited 401(k) Accounts

Tax laws for retirement accounts can be very complex. When you start receiving distributions, how much you receive and for how long are important factors. When 401(k) accounts are inherited, the rules are somewhat different. Understanding the tax implications of inherited 401(k) accounts can help you minimize tax burdens. Payout Options At Death of Account […]

What Happens When a Beneficiary of a Family Trust Gets Divorced

Family trusts are often designed to benefit your immediate family or other relatives in the event of your death.  One scenario that we often don’t think about is what happens when a beneficiary of a family trust gets divorced. Below are a few possibilities, based on recent case law in Massachusetts.  Direct Assignment to Ex-Spouses […]