[WSBAPT] IRA Beneficiary Custom Form : Vanguard

[Diane J. Kiepe]

Carla,

I am quite interested in the area of IRA beneficiary designation language and can share from experience that I have yet to find a company that will allow a dollar amount to be listed.  Every qualified plan beneficiary designation form I have reviewed has indicated beneficiaries must receive their "amount" by a percentage designation and all percentages, when added, must equal to 100% (this second point seems pretty obvious but honestly it's on every form I have reviewed).

With the Secure act, the trust language to be used is different then in the past.  I am sure you will likely here from people closer in proximity then I but, if you don't, I would gladly consider this project.  Definitely work I enjoy.

Best.

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 Carla Wigen
Sent: Wednesday, October 20, 2021 4:08 PM
To: wsbapt at lists.wsbarppt.com
Subject: [WSBAPT] IRA Beneficiary Custom Form : Vanguard

Good Afternoon Listmates:  I know this question has probably been answered, but I am asking again.  A friend who I used to practice with is helping his Dad with an IRA beneficiary form.  The IRA is with Vanguard and they are telling him they cannot change the form.  His Dad wants to apparently do a fixed amount and then some percentages.  Anyway, does anyone have suggestions other than drafting a trust to name as the beneficiary.  And if that is the only ridiculous answer, is anyone interested in working on it?  Thank you for any responses.  Carla

.....................................................
Carla C. Wigen CPA, J.D.
Chief Operating Officer  206.464.5088

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