During your lifetime, your retirement account has asset protection, but as soon as you pass that account to a loved one, that protection evaporates. This means one lawsuit and POOF! Your lifelong, hard-earned savings could be gone.
Fortunately, there is an answer. A special trust called a “Standalone Retirement Trust” (SRT) can protect inherited assets from your beneficiaries’ creditors. We’ll show you what we mean.
When your spouse, child, or other loved one inherits your retirement account, their creditors have the power to seize it and take it as their own.
If you’re like most people, you’re thinking of protecting your retirement account? Here are 5 reasons we think you’re right. Continue reading