SmartIRA™ is Revolutionizing how Financial Advisors Address Client Remarriage

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A rapidly growing number of financial advisors are employing a complex, yet surprisingly simple to adopt, strategy to deal with the problem of client remarriage: the SmartIRA™. The SmartIRA™ is a brand new strategy created by Wealth Advisors Trust Company.

Love later in life shouldn’t have the unintended consequence of disinheriting families

All too often, when one spouse dies and the surviving spouse remarries, children from the original marriage find themselves cut out of their inheritance. To prevent such an occurrence, more and more financial advisors are employing a complex—yet surprisingly simple to adopt—strategy: the SmartIRA™.

The SmartIRA™ works to protect retirement accounts by creating a trust to allow the surviving spouse access to the retirement accounts, but preventing the surviving spouse from redirecting those accounts to a new spouse and hence preserving their children’s inheritance.

Wealth Advisors Trust Company, an administrative trust company headquartered in South Dakota, created The SmartIRA™. The SmartIRA™ is the brainchild of a core group from the Wealth Management group of Ernst & Young, LLP, which went on to found Wealth Advisors Trust Company.

When asked about the rationale behind the SmartIRA™, Wealth Advisors Trust Co-Founder and Vice President Christopher Holtby said, “Love later in life shouldn’t have the unintended consequence of disinheriting families. With the SmartIRA™, families can sleep soundly at night knowing that their children and grandchildren won’t suffer the same fate as so many other families in years gone by.”

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Christopher Holtby
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