What is a Retirement Trust?
When planning for retirement, it’s important to consider all of your options for maximizing your savings and ensuring that your assets are distributed according to your wishes. One option to consider is a retirement trust.
A retirement trust is a type of trust that is specifically designed to provide tax advantages similar to those of an individual retirement account (IRA) while also giving you more control over your assets in the long term. This can help you to make the most of your retirement savings and ensure that your funds are distributed in the way that you want after you pass away.
In addition to providing financial benefits, a retirement trust can also be an important part of your overall estate plan. It can simplify the administration of your estate and provide unique benefits and control over how your assets are managed and distributed.
When it comes to estate planning, there are many options to choose from. That’s why it’s important to work with a professional who can help you to determine the solution that best suits your needs and those of your family. With our wide range of Oklahoma estate planning options, we can help you to create a plan that takes into account your unique circumstances and goals.