Dear Mr. Premack: A large part of my estate, if I were to pass away now, is contained in my IRA account. My total estate would fall below the amount for federal tax exemption. Since the money in the IRA account was placed there pre-tax, would there be tax implications to the beneficiaries or the estate upon my demise? G.E.W. Two weeks ago, I discussed the difference between testamentary and non-testamentary assets. An IRA is non-testamentary, so it is not included in the “pro
Last week, BJ asked about distribution of assets in a second marriage. His second wife had died with a Will leaving “everything” to her children from the first marriage. He wanted to know what assets were included in his wife’s probate estate, and what limits there were on the Executor’s reach into assets like joint bank accounts. Last week’s column was limited to identifying the variety of assets that are considered non-testamentary. The Executor of his wife’s estate was ent
