[WSBAPT] Roth IRA beneficiary designations

[Diane J. Kiepe]

In my opinion, and this area is one of my favorites, there absolutely is a down side.  When naming the estate, it likely becomes subject to potential creditor's claims.  Not naming the estate is so easy, even if you want it to go to a trust within the Will, naming the Trustee of said trust is better; if there are minor beneficiaries, naming a custodian is easy, etc.

If you want to chat about it - let me know.

Diane J. Kiepe

Diane J. Kiepe
Douglas Eden
717 W. Sprague Ave.
Suite 1500
Spokane, WA  99201
djkiepe at depdslaw.com<mailto:djkiepe at depdslaw.com>
509-455-5300

From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Sharon Rutberg
Sent: Tuesday, November 30, 2021 11:39 AM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] Roth IRA beneficiary designations

Hello, friends -

We know that naming a standard IRA to go to "my estate" is generally a bad idea because it will trigger a 5-year payout with taxes due. However, what about a Roth IRA? Since no taxes are due on distributions, is there any downside to naming it to my "estate"?

Thanks!
Sharon

Sharon C. Rutberg, Attorney at Law
Salmon Bay Law Group, PLLC
1734 NW Market St.
Seattle, WA 98107
206-735-3177, ext. 2
sharon at salmonbaylaw.com<mailto:sharon at salmonbaylaw.com>
Website: www.salmonbaylaw.com<http://www.salmonbaylaw.com/>
Washington State Bar #47055

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