[WSBAPT] Complicated distribution scheme

[Ann Manley]

Wife has an IRA with a million dollars. She wants her primary beneficiaries
to be her husband (80%), niece 1 or her children if any (10%) and niece 2
or her children if any (10%). If either niece is dead w/ no kids, $ goes to
husband.

But if husband is deceased, she wants each niece's share to increase to
20%, and have the rest distributed to a list of charities.

Can that be done via beneficiary designation, or is there a better way? (Or
is the answer for her to come up with a less complicated scheme?)

Her financial adviser is saying that she should name her sister as a
beneficiary, and then her sister can give money to the nieces and
charities. That seems wrong.

Thanks!

Ann Manley, Esq.
The Manley Law Firm, P.S., Inc.
PO Box 16324
Seattle, WA 98116
(206)292-3064 / (206)292-3914 fax
www.manleyfirm.com

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