FIDUCIARY TRUST SOLUTIONS

Estate planning with IRAs

You likely think of the purpose of your IRA or other qualified plan as providing you with financial security during retirement. But when properly structured and managed, your retirement assets can also help you to leave a lasting legacy for those you care about.

A Trusteed IRA can serve as a valuable tool in your overall wealth plan, allowing you to use retirement assets to address larger wealth transfer goals. It combines the tax benefits of a traditional or Roth IRA with greater control over how your assets are distributed.

 

A Trusteed IRA can be particularly helpful for:

  • Controlling who receives your IRA assets, in what amounts and when.
  • Providing for a spouse or children from a prior relationship.
  • Addressing concerns about the ability of a beneficiary to manage the assets or use them wisely.
  • Putting a plan in place in the event you are unable to make investment decisions, direct required distributions or pay bills.

Bank of America Trusteed IRAs are IRS-approved, professionally managed and invested on a fiduciary basis. They offer flexibility and security that can be difficult to achieve in other ways, allowing you to:

 
  • Preserve and pass on the potential tax benefits of your IRA.
  • Provide professional management now, and in the event of your incapacity or death.
  • Protect your assets in the event of a child’s divorce or spouse’s remarriage.
  • Control who inherits and how quickly they can withdraw assets.

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Investing involves risk. There is always the potential of losing money when you invest in securities. Past performance does not guarantee future results. Asset allocation, rebalancing and diversification do not guarantee against risk in broadly declining markets.

Merrill, its affiliates, and financial advisors do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions.

This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. Additional information is available in our Client Relationship Summary. 

This material does not take into account a client’s particular investment objectives, financial situations, or needs and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any security or investment strategy. Merrill offers a broad range of brokerage, investment advisory (including financial planning) and other services. There are important differences between brokerage and investment advisory services, including the type of advice and assistance provided, the fees charged, and the rights and obligations of the parties. It is important to understand the differences, particularly when determining which service or services to select. For more information about these services and their differences, speak with your Merrill financial advisor.

Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as “MLPF&S” or “Merrill”) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (“BofA Corp.”). MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp.

Insurance and annuity products are offered through Merrill Lynch Life Agency Inc., a licensed insurance agency and wholly owned subsidiary of Bank of America Corporation.

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