Best Way To Leave $ To Your Heirs

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[tomm]

"Oh Janie, I don't want this to have to go through probate..." Then list the person as a beneficiary!! No need to gift it. No need for anyone else to even know Janie got it. Simple paperwork avoids probate. In fact, these days very little if anything should go through probate....proper paperwork and a little bit of your fee free time avoids the courts! Absolutely no need for a trust either.

[mtm]

Looking forward to discussion of middle column ... IRA's and Annuities.

[susanl]

Thank you ... got all of this squared away a couple of weeks ago ... will review to make sure my "papers" are in order. PS Just signed up for your e-mail list ... loved the 'disclaimer' ... :)

[CritterCamSoCal]

Nicely done...! This is great, appreciated assets is a Taxable or Tax Free (Roth) it the Hot Ticket your Kids & Heirs will Thank You! and the Roth gives your Heirs 10 More Years of Growth Tax Free...! FREE is PAWblo's favorite "F -Word" ! 
Unfortunately too many heirs just take the money and run..! and in no time are just as broke as before.. ugh. When my Mom died all my siblings took the IRA money out paid extra 10% penalty, ...me I kept it in a inherited IRA been taking RMDs and nearly doubled the $$ Ca Ching...! was grandfathered in after the Cares Act took away the stretch IRA so I can defer taxes for my whole life ha ha ha take that tax man...! Sick Em PAWblo git that Tax Man..!

[danscholes]

Excellent video and point on the muni bonds

[reversiontothemean]

HSA. Taxable to non-spouse beneficiary. Spouse inherits the account as is, just transfers ownership.

[martywilliard]

Did you do a video on flipping tax deferred to Roth? Will look at your library. That’s where I am starting to focus for later for my wife and I and for our heirs

[kirkroyse]

I’m leaving my money all tax free Roth IRA taxable investment account life insurance and savings accounts also real estate payed off.. God is a perfect father he always provides

[darcysalmon]

Is your home inherited tax free, if it is simply willed to your children? So you should not put the childs name on the deed before you pass.

[susand]

Great video! So heirs will have to pay income tax on just the tax deferred accounts but all three types of tax accounts count towards the inheritance tax, correct?

[andrewulrich]

We found that my wife's mom and dad created a trust. They owned a farm and its value spit upon her dads death. And that basis on his was set on his half at his death ten years ago. When her mom died dads half the value of that farm had a LTCG. If he had simply passed it to his wife then she had passed and then it to their daughter there wouldn't have been any taxes. My wife and charities would have gotten the whole in a step up in basis. Because he wanted to pass some of his estate to charity and grandkids he created that trust. I think the lawyer did a disservice because he still could have accommodated those charities at the passing of his wife with a foundation, willed a percentage off the top to the grandkids and the charities would have continued distribution forever. Trusts for the most part suck.