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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

I understand a spouse is exempted from the 10-year rule when they inherit an IRA. Who else gets a break from that?

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.

Natalie B. Choate focuses on SECURE Act questions she’s been receiving about inherited individual retirement accounts and other retirement benefits.

“Retirement Account Planning” Presentation by Michael A. Simon & Peter Kote for the fall 2020 workshop series

Natalie B. Choate focuses on SECURE Act questions she’s been receiving about inherited individual retirement accounts and other retirement benefits.

Combine the tax advantages of an IRA with the flexibility and control of a Trust.

Naming beneficiaries should be the easiest task when it comes to estate planning, right? If only.

The A-B trust strategy has long been a staple of planners to help minimize their clients’ estate taxes. However, a significant complication of this approach occurs when the only, or primary, asset available to fund the trust is a retirement account such as an IRA.