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VIDEO: What are IRA trusts and how do they work?

Trusts can be an extremely effective tool when creating an estate plan that best meets your and your family's needs. There are numerous kinds of trusts available that all work a little differently.

An IRA trust works to stretch out payments made by an Individual Retirement Account to your elected beneficiaries over time. This can help prevent beneficiaries from receiving the funds all at once and spending them too quickly or otherwise misusing them.

Watch the video below to learn more about how IRA trusts work and who they are best suited for.

Creating an effective estate plan means using the tools that provide the greatest benefit in your unique situation. We at the law firm of Polizzotto and Polizzotto, LLC, would happy to meet with you to determine if an IRA trust would make sense for you and your family.

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