Mallor Clendening Grodner & Bohrer LLP
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-->Mallor Clendening Grodner & Bohrer LLP
-->Mallor Clendening Grodner & Bohrer LLP
-->Mallor Clendening Grodner & Bohrer LLP
-->Mallor Clendening Grodner & Bohrer LLP
-->Mallor Clendening Grodner & Bohrer LLP
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Andrew C. Mallor
Gary J. Clendening
Geoffrey M. Grodner
James F. Bohrer
Kendra Gowdy Gjerdingen
Lonnie D. Johnson
Garry L. Founds
Stacy Forster Thompson
 -------------------------------------------------------------------- Patricia S. Bernens
Carrie L. Batalon
Pamela J. Hensler
Lisa A. Anderson
Jennifer L. Romaniuk
Amos S. Cohen
Belinda R. Johnson
Dustin L. Plummer
Adam L. Hill
Megan B. Lewis
R. Daniel Faust
 --------------------------------------------------------------------

Note: Nothing in this publication is intended or written to be used, and cannot be used by any person for the purpose of avoiding tax penalties regarding any transactions or matters addressed herein. You should always seek advice from independent tax advisors regarding the same. [See IRS Circular 230.]

This publication does not constitute legal, accounting or other professional advice. Although it is intended to be accurate, neither the publisher nor any other party assumes liability for loss or damage due to reliance on this material.  This publication is intended for informational purposes only.

MCGB

Ask Yourself 

These Questions Regarding
"Beneficiary Designations"

I understand that IRAs and other Qualified Retirement Plans (QRPs) are unique assets, requiring careful planning to avoid unnecessary taxation upon my death.
Yes.
No.

I understand that the failure to designate a beneficiary (and even a successor beneficiary) for my QRP can enrich the IRS at the expense of my loved ones.
Yes.
No.

While I cannot foresee when I will die, I understand that my failure to designate a beneficiary will have greater adverse tax consequences if I die before I begin taking Required Minimum Distributions.
Yes.
No.

I understand that, if I am divorced and my ex-spouse is still the designated beneficiary of my ERISA QRP, then my ex-spouse may inherit such funds upon my death, despite any state laws to the contrary.
Yes.
No.

I generally find the whole prospect of planning (on my own) for the protection and preservation of my QRP rather overwhelming.
Yes
No

 


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