[WSBAPT] Complicated distribution scheme

[Mark Anderson]

Off the top of my head, perhaps wife could create a trust and then name the trust as the beneficiary of the IRA.  The trust agreement would then lay out the distribution scheme.

Mark B. Anderson
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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> On Behalf Of Ann Manley
Sent: Thursday, September 4, 2025 9:10 AM
To: WSBA Probate & Trust Listserv <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Complicated distribution scheme

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
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