Estate Planning and Inheritance

Estate and Inheritance Financial Planning image for family business investment advisers McRae Capital Management.
The loss of a loved one is an upsetting and complicated time. As we struggle with our loss, we are also confronted with many legal and financial responsibilities as we settle our loved one’s affairs.  McRae Capital Management has decades of experience helping families cope with their loss and organizing their affairs through estate planning.

  • Estate Accounts
    • Before assets can be distributed to beneficiaries, assets must be gathered and evaluated through the Estate Process.  McRae Capital Management can help an executor/executrix open and estate account and transfer assets from a variety of locations into the estate account.
  • Date of Death Valuations
    • McRae Capital Management can calculate the date of death valuation used by estate attorneys and accountants to help value the assets in the estate.
  • Bequests
    • We will assist and executor/executrix transfer assets to any beneficiary, charity, or trust.
  • Beneficiary Designated Accounts
    • Accounts that move to another generation, such as a child inheriting a parent’s IRA account, can create a special type of account called a Beneficiary Designated Account.  An owner of a BDA account is subject to different withdrawal rules than an a normal IRA account.  Advisors at McRae Capital can make sure you understand your options and make the right choice.
  • Tax Waivers
    • Some states, like New Jersey, limit the amount of assets that can be transferred out of an estate account until the final tax return is filed and state taxes are paid.  Executors must obtain a state tax waiver before they can distribute the remaining funds to the intended beneficiaries.
  • A Team Approach
    • McRae Capital Management will work with your accountants and lawyers to make the process as seamless as possible.

Estate Planning helps ease one of the many life stages where smart financial planning can make a difference.  If you’re interested in learning more, please read our Estate Planning Commentary, or watch the video below.

If you are interested in reading more about financial planning when the loss of a family member means an inheritance, please check out our piece on Financial Planning Around Divorce and Loss in the Family. For more general information around inheritance, please read our Inheritance Planning Commentary, or watch the video below.


McRae Capital Management brings decades of long-term investing experience to bear for families, individuals, and corporate clients. If you have questions about anything, from general family budgeting to complex tax issues, from divorce to inheritance, from planning for college to planning for retirement and everything in between, just download our brochure or give us a call at 973-387-1080.
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