Trust Wording for IRA Stretch
What is the necessary verbiage required within a living trust so as to preserve the stretch for beneficiaries of an IRA account? The individuals are on their second marriage, and are using a trust to ensure that their separate kids are not disenherited. Thanks!
Permalink Submitted by Bruce Steiner on Wed, 2008-05-14 22:06
Your lawyer should know how to draft it. See PLR 200235038. Also see my article on this in the March 2004 issue of the BNA Tax Management Estates, Gifts & Trusts Journal: http://www.kkwc.com/docs/AR20041209132954.pdf
Permalink Submitted by Janine Janine on Sat, 2008-05-17 20:11
The link does not open the document, at least, not for me.
Thank you.
Janine
Permalink Submitted by Alan Spross on Sat, 2008-05-17 23:54
I noticed that links to Bruce’s firm stopped working a few days back. Perhaps he can look into it as I assume this is related to the site itself.
Permalink Submitted by Bruce Steiner on Sun, 2008-05-18 14:34
Janine/Starlight and Alan: thanks for letting me know that our website was down. Our computer guys have fixed it, so the link to my article should work now.