Beneficiaries & Estate Planning
In short
You name beneficiaries for your self-directed IRA or Solo 401(k) the same way you would with any retirement account. Handling administrative succession is a different matter. When your account holds an LLC, or trust with a portfolio of alternative assets, a successor manager or trustee has to be ready to take over control of the plan and wind it down according to your instructions.
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Naming IRA beneficiaries
Naming a beneficiary for a self-directed IRA works exactly like naming one for any other IRA: the same eligible beneficiaries, the same designation process, the same primary and contingent tiers. The one practical difference is making sure your ...
Read articleNaming Solo 401(k) beneficiaries
Naming a beneficiary for your Solo 401(k) determines who inherits the plan and how smoothly they can claim it. It's one of the most consequential forms you'll ever complete as a plan holder, and here's what you need to know to get it right. Who You ...
Read articleSuccession planning for a checkbook IRA
When you can no longer manage your checkbook IRA yourself, whether from incapacity or death, someone else has to be capable of stepping in and keeping it running. Deciding who else can hold that authority, and when it should activate, is how you make ...
Succession planning for a Solo 401(k)
Your Solo 401(k) runs entirely on your own actions as trustee, so when you're no longer able to act, whether from incapacity or death, someone else has to be capable of stepping into that role and keeping the plan running. Deciding who that is, and ...
Naming a trust as beneficiary
Naming a trust as beneficiary gives you a level of control over your IRA or Solo 401(k) that a direct beneficiary designation can't: you decide the terms under which your heirs receive the funds, rather than handing over full access the moment you're ...
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