Are Pensions Treated the Same in Your Estate Plan as Other Retirement Accounts?
This blog discusses the importance of including pensions and retirement accounts in an estate plan. It explains the differences between defined benefit and defined contribution plans, as well as the rules and options for designating beneficiaries for these accounts. The blog also highlights the impact of the SECURE Act on inherited retirement accounts, and offers guidance on how to best provide for your family's future through estate planning. Contacting an estate planning attorney is recommended for assistance with retirement account beneficiaries.