[WSBAPT] Beneficiary Designations for Qualified Retirment Accounts

[Robin Swanson]

Listmates,

My clients want contingent SNTs built into their Joint RLT for the
Surviving Spouse.

Here is the gist of the provision for the Surviving Spouse:

IF the surviving spouse is disabled and/or in need of an SNT for Medicaid
purposes/means-tested type of government funds, all property and
qualified/non-qualified retirement will go to the *SNT *under the
decedent's Will,

IF the surviving spouse is not disabled and not receiving or in need of
means-tested government funds, all property, including
qualified/non-qualified retirement, will go to the *spouse outright..*

How should the beneficiary designation be named?

The financial advisor says:

Name the surviving spouse directly as the primary beneficiary of each IRA
or other retirement accounts. If she names the RLT with the contingent
provision, the surviving spouse cannot do a spousal rollover or elect to
treat the IRA as their own.
-

Make the trust the contingent beneficiary (to be triggered only if the
surviving spouse is disabled or deceased).
-

Is this standard and correct?
-

Can I just name the RLT as the beneficiary?
-

Thank you,

Robin Swanson

Secure Legal Legacy, PLLC


**NOTICE: This e-mail message, including any attachments hereto, is for the
sole use of the intended recipient(s) and may contain confidential and/or
privileged information. If you are not the intended recipient(s), any
unauthorized review, use, copying, disclosure or distribution is
prohibited. If you are not the intended recipient(s), please contact the
sender by reply e-mail immediately and destroy the original and all copies
(including electronic versions) of this message and any of its attachments.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20251006/218fa0ea/attachment.html>