RLT vs. IRA Trust

Submitted by Richard Ernst on Sat, 2015-05-09 16:52

We recently recommended to a client to have an IRA Trust be the beneficiary to his 1.5 million dollar IRA. His attorney said that they will just name the existing RLT as the beneficiary. He ( our client ) is very concerned about his 35 year old daughter receiving said benefits without direction. Any thoughts? Thanks



Submitted by Bruce Steiner on Sun, 2015-05-10 01:07

  • He should consult another lawyer.

 

  • See my article on trusts as beneficiaries of retirement benefits:  http://www.elderlawanswers.com/Documents/Trusts%20as%20Beneficiaries%20of%20Retirement%20Benefits.pdf


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