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Robin Lloyd & Associates, P.A.Robin Lloyd & Associates, P.A.
Robin Lloyd & Associates, P.A.Robin Lloyd & Associates, P.A.
  • Our Firm
  • Areas of Practice
    • Estate Planning
    • Probate & Trust Administration
    • Private Client Services
    • Corporate & Business Administration
    • Real Estate Services
  • Attorneys & Paralegals
    • Robin A. Lloyd, Sr., J.D.
    • Emily Helmick, Esq.
    • Brenda Lloyd, CP, FRP
    • Tiffany Coleman
  • News
  • Community
  • Contact

Yay or Nay to IRA?

Yay or Nay to IRA?

August 3, 2021 Posted by RLA Estate Planning Law, Probate, Tips

IRAs (individual retirement accounts) are a popular wealth management and estate planning tool. Both traditional and Roth IRAs do have pros and cons, depending on your financial goals. If you are planning to designate a beneficiary of IRA as a method of passing wealth, it is important to consider the taxability of the funds. It is possible these funds would be “double” or “triple” taxed before they reach the intended beneficiaries. You should discuss whether IRAs or other options would better achieve your  goals with your legal and financial professionals.

-Emily Helmick, Esq.

Tags: Attorneysbeneficiariesdistributionestate planningLawyersRobin Lloyd & Associatestax lawTuesday TipsVero BeachWealth Management
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Robin Lloyd & Associates, P.A. is an established firm handling the legal needs of Vero Beach since July of 1990. Robin A. Lloyd, Sr., a Vietnam War veteran, founded the Firm after practicing as a Partner in the Vero Beach office of a 55-laywer firm headquartered in West Palm Beach since 1974. The Firm represents many Clients, including high wealth individuals, and focuses on several different areas of law including, but not limited to: Estate Planning, Probate, Guardianship, Trust Administration, Real Estate, all areas of Taxation, and Business Law.

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