Spencer Law Firm LLC
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May 2010 Archives

Inheriting a Roth IRA

An inherited Roth IRA is truly a "gift that keeps on giving." It is an exceptional estate planning tool. When deciding whether or not to convert your traditional IRA to a Roth IRA, most people (or their advisors) "run the numbers." The cost and benefits of a Roth conversion is compared to the status quo - maintaining the traditional IRA. Assumptions are made about investment returns, future income tax rates, life expectancy, etc.

What Does a Surviving Spouse Inherit?

The question of what a surviving spouse inherits from a deceased spouse is a complicated one. The answer is the typical lawyer's response, "It depends." Some scenarios can help to illustrate the issues. To keep the examples simple, I am going to assume that the husband dies before the wife - forgive me, all you husbands out there.

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Spencer Law Firm LLC
320 Race Ave
Lancaster, PA 17603

Toll Free: 866-639-5451
Phone: 717-207-7935
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