Retirement accounts, unlike almost any other asset that a person can inherit, are subject to income tax. That means that if you inherit an IRA or a 401(k), when you withdraw the money, you'll typically have to pay income tax on these withdrawals. Just as important however, is how and why you might wish to pass these assets through a Trust vehicle rather than selecting specific beneficiaries using the Retirement account’s designation method.

Learn about these options in this show.