Questions & Answers About the IRA Inheritance Trust®

Below are a number of questions that we commonly receive about the IRA Inheritance Trust® – – from both consumers, as well as estate planning professionals.  This library of FAQ will be updated regularly, so please feel free to come back and search through the questions to find an answer.  (Last updated on October 9, 2015)

FOR BOTH CONSUMERS & PROFESSIONALS

Q: Why is a standalone IRA Trust better than a revocable Living Trust?

Q: How much does an IRA Trust cost?

Q: Who should serve as Trustee of an IRA Trust?

Q: Is the IRA Trust a good option for 401K’s and other retirement plans?

Q: How does the IRA Trust offer creditor protection?

Q: Are there qualified retirement plans that do not work with the IRA Trust?


FOR CONSUMERS

Q: My children are responsible.  Why would I need an IRA Trust?


FOR PROFESSIONALS

Q: How do I name the primary beneficiary?

Q: Are there disadvantages to designing an IRA Trust as an accumulation trust from the start?

Q: Is the undistributed income of an IRA Trust taxable to the beneficiary?

Q: Does a charity named as secondary beneficiary of a conduit trust cause any issues regarding calculations of RMD?

MORE COMING SOON…


The IRA Inheritance Trust® is a registered trademark or trademark of Kavesh, Minor & Otis, Inc. in the United States and/or other countries. All rights reserved.

DISCLAIMER: This website is intended to provide legal information only; legal information is not legal advice and you should consult with qualified legal counsel prior to implementing any estate planning. The transmission or receipt of information to or from this Website is not intended to create, and does not create or constitute, an attorney-client relationship. No portion of this site may be reproduced or used in any manner other than for the private information of the site reader without the express written consent of The Ultimate Estate Planner, Inc.

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