Do you have an IRA? If you’re like many Americans you do.

An IRA is a wonderful and popular retirement planning tool, but was never intended to be a good asset for your heirs to inherit when you pass away. Why? Because for most people IRAs will be income taxed when your heirs receive it.

So how can you avoid having your retirement account taxed heavily when you pass away? Consider a Charitable Remainder Trust (CRT) as part of your estate plan! This unique and powerful tool can protect your heirs from paying significant income taxes upfront. It will also ensure that they receive this part of your inheritance in a controlled fashion over a period of years.

If you would like more information about this particular strategy, or assistance with your overall estate planning, call Dave Hampton at 503-538-9419.