Trusts in Overland Park – Using Roth IRA’s in Your Estate Plan

Wills and Trust attorney

A Roth IRA can be a valuable estate planning tool, offering the opportunity for tax-free growth as long as it exists and requiring no distributions during your life, thus allowing you to pass on a greater amount of wealth to your family. If your ability to contribute is phased out based on the applicable income limits, consider converting your traditional IRA into a Roth, effectively turning future tax-deferred potential growth into tax-free potential growth. If you have questions on how a Roth IRA may fit into your estate plan, please get in touch with us.

See our article at Shawnee Mission Post for more.