[WSBAPT] Complicated distribution scheme

[Nick Pleasants]

Hi Ann,
This is a perfect situation for a Retirement Trust. It is designed to qualify for look through treatment, so the nieces should get 10 year stretch rather than 5 years for a trust. I would probably do 80% to husband as designated beneficiary so he gets the spousal rollover, then 20% to the Trust.
We setup lots of Retirement Trusts, our template has been begrudgingly accepted by many custodians. If they are open to moving, there are custodians that are easier to work with than others on this. Happy to chat further.
I agree that Natalie Choate is the expert, I have her book and attended several CLE's of hers. Very helpful.
Best,
Nick


Nicholas Pleasants | Shareholder

[OseranHahnAttyatLaw 8]

11225 SE 6th Street | Suite 100 | Bellevue, WA 98004
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From: wsbapt-bounces at lists.wsbarppt.com <wsbapt-bounces at lists.wsbarppt.com> on behalf of Ann Manley <ann at manleyfirm.com>
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
(206)292-3064 / (206)292-3914 fax
www.manleyfirm.com<http://www.manleyfirm.com>

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