Directed Trust Arrangements
Directed Trust Arrangements When clients are considering trusts as part of a plan to manage assets, one issue that can emerge is a client’s prior negative experience with trust companies. Some clients, whether by way of being the beneficiary of a trust, or when they worked with a trust company on behalf of a minor…
Inherited IRAs and the 10-Year Rule: Beware of Potential Tax Consequences in the Future
Inherited IRAs and the 10-Year Rule: Beware of Potential Tax Consequences in the Future If you have inherited an IRA after 2019 from a non-spouse, it is highly likely you are subject to the rule under the SECURE Act (passed in December 2019) forcing beneficiaries to distribute the entire account within 10 years. There are…