Rev Trust as ultimate bene of IRA

Submitted by Geoffrey Kasher on Wed, 2015-09-16 22:12

Clients are married.. 70 y/0

Children are mid 20’s.

Attorney advised to name a Revoc Trust as Bene..After the surviving spouse passes.

Kids will be the contingent trustees of the Revoc Trust after parents die.

Any real advantage to this.

Clients are in Florida. No federal estate tax or state estate tax to consider.

Thanks in advance.



Submitted by Bruce Steiner on Thu, 2015-09-17 22:27

  • Lots of disadvantages but no advantages.

 

  • We probate lots of Wills in Florida.  Probating a Will in Florida is generally not difficult, expensive or burdensome.  So for most people in Florida there’s no reason to create a revocable trust. 

 

 



Submitted by Geoffrey Kasher on Sun, 2015-09-20 13:58

send me your contact info



Submitted by Bruce Steiner on Sun, 2015-09-20 19:15

Here’s a link to my bio, photo and contact information:http://kkwc.com/?attorney=bruce-d-steiner



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