<div dir="ltr">Thanks Liv, all things I briefly thought of. I appreciate the comments! I have just never had the PR disclaim any IRAs/retirement plans payable to the estate so wondered if anyone else had done that....all depends on the above and on the contract language, of course.<div>Thanks! Hope all is well with you and yours. Been a while since we talked!</div><div>Kathie</div></div><div class="gmail_extra"><br><div class="gmail_quote">On Wed, Apr 15, 2015 at 11:52 AM, Liv Wernecke <span dir="ltr"><<a href="mailto:lwernecke@bpmlaw.com" target="_blank">lwernecke@bpmlaw.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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<p class="MsoNormal"><span style="font-family:"Calibri","sans-serif";color:black">Katherine, Here are some issues: Watch RMD, selling securities as an acceptance 25.2518-2(d)(1) etc.; community property issues; RR 2005-36, Regs 1.401(a)(9)-8; see GCM 39868
on income tax; also, the provider’s agreement or adoption agreement may have a troublesome clause or two. It may provide how the H’s 1/2 interest passes. Who does one send the disclaimer to; the provider and PR? Proof of timing of the deaths is obviously important.
Any problems with PR’s power to disclaim? I have not thought through the son’s piece. Regards, Liv<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:11.5pt;font-family:"Calibri","sans-serif";color:black"><u></u> <u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:11.5pt;font-family:"Calibri","sans-serif";color:black">Livingston (Liv) Wernecke<u></u><u></u></span></b></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a> [mailto:<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a>]
<b>On Behalf Of </b>Katharine P. Bauer<br>
<b>Sent:</b> Wednesday, April 15, 2015 11:15 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> [WSBAPT] Beneficiary Designations<u></u><u></u></span></p><div><div class="h5">
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<p class="MsoNormal">Situation:<u></u><u></u></p>
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<p class="MsoNormal">Mom died, Dad committed suicide an hour later.<u></u><u></u></p>
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<p class="MsoNormal">Dad has huge IRA for which he did not follow through on filing with them the beneficiary designations we created. Primary was mom, secondary is Estate. This is a taxable estate and we will lose a large percentage of the IRA to taxes.<u></u><u></u></p>
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<p class="MsoNormal">Estate legatees/beneficiaries are an adult daughter and trust for disabled adult son.<u></u><u></u></p>
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<p class="MsoNormal">Question: Has anyone ever had a PR "disclaim" a payment from an IRA to the estate? (Daughter is PR) The "fallback" beneficiaries in the contract are the children. My thought is to force payment outright to kids, allow them to take over
their lifetime, Son could place his share into a self-settled trust or ??? Largest IRA - $1 million - holder is not allowing PR to direct to daughter/SNtrust under terms of Will. I can go for a court order.<u></u><u></u></p>
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<p class="MsoNormal">Just curious about the disclaimer idea. Not busy enough today to take the easy route.<br>
-- <u></u><u></u></p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Katharine P. Bauer</span><u></u><u></u></p>
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