Before Leonard Smith lost his battle with cancer in 2008, he worked with his financial advisors and attorneys to make sure his children received the balance of his retirement funds when he died.

A single mistake, however, thwarted his well-laid plans.  To read more, see article at Man’s mistake cost his children $400,000 of an IRA inheritance – Yahoo Finance.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.