Protect Your Assets Through Retirement Benefits Planning
As you probably know, the government mandates when you must begin taking distributions from your retirement accounts. If you have substantial sums in your accounts, your tax bills suddenly increase exponentially due to the added income you receive from the distributions. Plan ahead - talk to an experienced estate planning lawyer about the options available through retirement benefits planning.
Retirement Benefits Planning ∙ Estate Planning
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At the Hamilton Law Office in Sudbury, Massachusetts, we understand the complex rules and options about retirement benefits planning that can reduce your tax burden.
- attorney Stuart Hamilton helped write the textbook A Practical Guide to Estate Planning. His portion of the book deals specifically with retirement benefits planning. His in-depth understanding of retirement account distributions and his background in financial planning can help you minimize taxes and protect your assets.
- The rules regarding retirement benefits are complex, but with proper planning you can protect the funds and extend the distributions over a longer time. This limits your immediate tax liability and preserves the funds for your future needs.
- Retirement distributions can be rolled over into a trust for your children. Again, the rules are complicated, but a knowledgeable lawyer will know the specific language necessary to transfer your assets while minimizing estate and income taxes.
Contact us to discuss retirement benefits planning. The Hamilton Law Office has the knowledge to help you make the most of your retirement benefits.