Some people, because of the wealth they have accumulated, won’t have to rely on their retirement plan savings for retirement income. As a result, they often want to leave all or most their IRA (or 401(k) and other retirement plan assets) accounts to their heirs.
Okay, so you started your own professional practice. Congratulations and welcome to the joys (and challenges) of business ownership. I should know, I’m an owner of a financial planning practice myself.
Speaking of challenges, we need to talk about taxes. At least some basics.