Families Inheriting IRAs & Property
Inheriting assets or planning how your own will pass to the next generation brings a mix of financial and emotional decisions — often on a deadline. Whether it's navigating inherited IRA distribution rules, deciding what to do with an inherited property, or coordinating a broader wealth transfer plan, I help families work through the details with clarity, so decisions are made thoughtfully rather than under pressure.
What I Help Families inheriting IRA's and Property With
Integrating Inherited Assets Into Your Plan
I fold inherited accounts and assets into your broader financial picture, addressing allocation, risk, and tax efficiency so the inheritance strengthens your plan rather than sitting separate from it.
Inherited IRA Transitions and Tax-Efficient Distributions
I help you navigate the rules around inherited IRAs — including required distribution timelines — and build a withdrawal strategy that minimizes the tax impact rather than triggering an unnecessary bill.
Buy or Sell a House
Whether you're keeping an inherited property, selling it, or using it toward a home purchase of your own, we help you think through the financial and tax implications of that decision.
Tax Planning With Inherited Assets
I address the tax considerations specific to inherited wealth — including basis step-up rules and how inherited assets interact with your overall tax picture — so you keep more of what you've received.
Is This You?
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You are expecting to inherit asset and want to establish a plan ahead of time
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You've recently inherited an IRA or other retirement account and aren't sure what the tax implications are or when you're required to withdraw.
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You've inherited a home or other property and are trying to decide whether to keep it, rent it, or sell it.
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You inherited assets and want to integrate them into your financial plan.
Why Work With Me
Inherited IRAs and wealth transfer decisions often come with a real deadline — and real consequences for getting it wrong. I bring a coordinated, process-driven approach, working alongside your tax and legal professionals rather than in place of them, so every part of your plan lines up.
Ready to Talk Through Your Situation?
Frequently Asked Questions
Do I have to pay taxes on an inherited IRA?
In most cases, yes — withdrawals from a traditional inherited IRA are generally taxed as ordinary income. The strategy is in how and when you withdraw, not whether you'll owe tax at all.
How long do I have to withdraw from an inherited IRA?
Under current SECURE Act rules, most non-spouse beneficiaries must fully distribute the account within 10 years of the original owner's death, though specific annual requirements can vary based on your relationship to the account holder and other factors. I'll walk through your specific situation together.
What if I inherited a Roth IRA instead of a traditional IRA?
Roth inherited IRAs still have distribution timelines, but the tax treatment is generally more favorable. I'll clarify what applies to your specific account.
Should I keep or sell an inherited house?
It depends on your financial goals, the property's condition and carrying costs, and how it fits into your broader plan — there's no universal right answer. I help you think through the numbers so the decision is informed, whichever way you lean.
Will I owe taxes if I sell an inherited property?
Inherited property generally receives a stepped-up cost basis, which can reduce capital gains tax if you sell relatively soon after inheriting. The details depend on your specific situation, so it's worth reviewing with us and your tax professional before deciding.
I'm not sure where to start — can you help me figure out what I even have?
Yes. Many clients come to us with paperwork, old statements, or a list of accounts and no clear picture of what it all means. Sorting that out together is often the first step.
Do you work with my attorney or accountant, or do I need to choose?
Both — I coordinate directly with your existing tax and legal professionals rather than replacing them, or can introduce resources as needed so everyone is working from the same plan.