You don’t need much to start thinking about how you want to retire
and consider your financial options. (In fact, you’re doing it right
now.) However, many people open retirement accounts and begin estate planning
in order to help their loved ones avoid
probate down the road and make it easy for money to be withdrawn and used as needed.
This often requires you to pick the right sort of retirement account and
name beneficiaries in such a way that you and your loved one(s) will be
able to access, use, and/or inherit those accounts without getting tied
up in probate court.
Hiring an attorney is the best way to ensure you have access to the funds
you need to support yourself during retirement and your named loved ones
can take over your accounts one day. In many cases, this is significantly
simplified by naming a spouse as a beneficiary on important retirement
accounts and assets. If you hope to name a non-spouse beneficiary for
any of your retirement accounts or would prefer not to leave your retirement
accounts to a spouse or ex-spouse, it may be best to hire an estate planning
lawyer to help you set your wishes in stone.
When starting to make retirement plans, think about beneficiaries, and
consider the future most people have a lot of tough questions, most of
which require the knowledge and expertise of a professional. While the
Internet is a great resource, nothing compares to having a real, live
person to walk you through the process. At
Owenby, P.A., we have helped many of our Jacksonville friends and neighbors create
retirement plans that they feel good about going forward—and we
can help you do it, too.
free consultations and would be more than happy to help you begin considering your retirement
options immediately. Call us at (904) 770-3141 today.