Naming beneficiaries for the IRA accounts is clearly the right way to go since it allows them to minimize income taxes on those assets by spreading out the distributions over several years.On taxable investments, some states allow POD or TOD arrangements that keep them out of probate.None of these make any difference when it comes to Federal estate taxes. So if the total estate including real estate and life insurance exceeds the Federal exemption (unless its repealled for good one of these days) you would be best off to set up an estate plan. That might include the formation of a trust. Then other choices may be appropriate for the IRA too. Consult the experts before you decide.
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