[WSBAPT] IRA trusts

[Jenna Brozik]

John,

If their children are age 3 and age 5, do you still recommend naming their
children as the account's alternate beneficiary rather than the trust?

Thanks everyone for all your comments.  They were very helpful.

Jenna Brozik
Attorney at Law
Prinz & Brozik PLLC
445 S Grand Ave
Pullman, WA 99163
(509)338-0908 / (509) 338-3527 (fax)
jennaprinzlaw at gmail.com


On Fri, Sep 11, 2015 at 10:10 AM, John Creahan <john at cairn-law.com> wrote:

> There is no clear line between situations where you need a separate trust
> and those where you don't. More often than not, I include conduit trust
> language in the testamentary trust rather than a stand-alone.
> I would probably use a stand-alone where the trusts' beneficiaries were
> not identical, for instance, or in cases in which the clients wanted
> dramatically different distribution schemes for their IRAs than for other
> assets.
> This assumes a trust is beneficial. Depending on ages and account size, I
> often recommend that clients name their children as the account's alternate
> beneficiary rather than a trust.
> Hope this helps,
> John
>
>
> John Creahan
> Cairn Law, PLLC
> 206-621-5848
> Sent from my phone
> ------------------------------
> From: Mike Winslow <mike at winslegal.com>
> Sent: ‎9/‎11/‎2015 9:50 AM
> To: 'WSBA Probate & Trust Listserv' <wsbapt at lists.wsbarppt.com>
> Subject: Re: [WSBAPT] IRA trusts
>
> This is a complex area of tax law. I have used Judd Marten to advise on
> these provisions. He teaches on the subject matter.
>
>
>
> Michael A. Winslow
>
> 1204 Cleveland Ave.
>
> Mount Vernon, WA 98273
>
> Ph. 360-336-3321
>
> Em. Mike at winslegal.com
>
>
>
> This message is from an attorney, so it’s confidential. If you are not the
> intended recipient, it’s too late to stop reading this message, but you may
> not use it for any improper purpose. Huge Disclaimer available upon request.
>
>
>
> *From:* wsbapt-bounces at lists.wsbarppt.com [mailto:
> wsbapt-bounces at lists.wsbarppt.com] *On Behalf Of *Jenna Brozik
> *Sent:* Friday, September 11, 2015 9:16 AM
> *To:* WSBA Probate & Trust Listserv
> *Subject:* [WSBAPT] IRA trusts
>
>
>
> Hello list mates,
>
>
>
> I have a married couple who are clients and they have several IRAs in
> their own names.  I have already done a living trust for them.  I had
> planned to list the living trust as the secondary beneficiaries of the
> IRAs.  Do you think it is necessary to do a separate IRA trust and list
> this separate IRA trust as the secondary beneficiary of the IRAs?
>
>
>
> Thanks in advance for any comments or suggestions.
>
>
>
>
> Jenna Brozik
>
> Attorney at Law
>
> Prinz & Brozik PLLC
>
> 445 S Grand Ave
>
> Pullman, WA 99163
>
> (509)338-0908 / (509) 338-3527 (fax)
>
> jennaprinzlaw at gmail.com
>
>
>
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