A lifetime of accumulation and growth goes up in smoke because the beneficiaries don’t know the IRA trust tax rules. Advisers can help their clients avoid such colossal blunders
Although the SECURE Act made significant changes to the required minimum distribution rules, those related to trusts as designated beneficiaries remain the same.
Naming beneficiaries should be the easiest task when it comes to estate planning,
right? Many people get this basic task all wrong, much to the joy of ex-spouses, the
IRS, and tabloids angling for a nasty inheritance scoop.