How to Handle Inheritances

Send us a text

In this episode, we uncover why inheritance planning is far more than just receiving assets—it’s about understanding the rules, taxes, and strategies that ensure you keep more of what’s passed down. Many families are surprised by how account types, tax laws, and timing can drastically impact the true value of what heirs receive. We’ll explore special rules for spouses inheriting IRAs, how inherited Roth accounts should be managed for maximum tax‑free growth, and why communication before someone passes is critical.

You’ll also learn about common mistakes, like failing to sell assets with a stepped‑up basis or missing the 10‑year rule on inherited IRAs—errors that can cost tens or even hundreds of thousands in unnecessary taxes. Whether you’re planning your own legacy or preparing to inherit, this episode will help you make smarter, tax‑efficient decisions.

Ready to create a legacy that truly lasts? Schedule your personalized planning session today!

Visit: http://www.fwppartners.com

Subscribe, like, and ring the bell for more expert insights on inheritance, retirement, and wealth building.

CONNECT WITH US:

 Website: www.fwppartners.com
 Facebook: https://www.facebook.com/fwppartners
Instagram: https://www.instagram.com/ericdouglasfinancialadvisor/
LinkedIn: https://www.linkedin.com/in/ericdouglasfinancialadvisor/
#inheritanceplanning #wealthmanagement #financialplanning #taxefficient #legacyplanning #retirementstrategy 

Website: Family Wealth Planning Partners
Schedule a Call: https://www.fwppartners.com/contact
Follow FWPP:
LinkedIn: Eric Douglas, Brian Ramsey, Chris Vaughn, Aaron McAndrew
Facebook
Instagram