<div dir="ltr"><div>John,</div><div><br></div><div>If their children are age 3 and age 5, do you still recommend naming their children as the account's alternate beneficiary rather than the trust?</div><div><br></div><div>Thanks everyone for all your comments. They were very helpful. </div></div><div class="gmail_extra"><br clear="all"><div><div class="gmail_signature"><div><font face="arial,helvetica,sans-serif">Jenna Brozik</font></div><div><font face="trebuchet ms,sans-serif">Attorney at Law</font></div><div>Prinz & Brozik PLLC</div><div>445 S Grand Ave</div><div>Pullman, WA 99163</div><div>(509)338-0908 / (509) 338-3527 (fax)</div><div><a href="mailto:jennaprinzlaw@gmail.com" target="_blank">jennaprinzlaw@gmail.com</a></div><div> </div></div></div>
<br><div class="gmail_quote">On Fri, Sep 11, 2015 at 10:10 AM, John Creahan <span dir="ltr"><<a href="mailto:john@cairn-law.com" target="_blank">john@cairn-law.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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<div style="font-family:Calibri,sans-serif;font-size:11pt">There is no clear line between situations where you need a separate trust and those where you don't. More often than not, I include conduit trust language in the testamentary trust rather than a stand-alone.
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I would probably use a stand-alone where the trusts' beneficiaries were not identical, for instance, or in cases in which the clients wanted dramatically different distribution schemes for their IRAs than for other assets.<br>
This assumes a trust is beneficial. Depending on ages and account size, I often recommend that clients name their children as the account's alternate beneficiary rather than a trust.<br>
Hope this helps,<br>
John<br>
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John Creahan<br>
Cairn Law, PLLC<br>
<a href="tel:206-621-5848" target="_blank" value="+12066215848">206-621-5848</a><br>
Sent from my phone</div>
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<span style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold">From:
</span><span style="font-family:Calibri,sans-serif;font-size:11pt"><a href="mailto:mike@winslegal.com" target="_blank">Mike Winslow</a></span><br>
<span style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold">Sent:
</span><span style="font-family:Calibri,sans-serif;font-size:11pt">9/11/2015 9:50 AM</span><span><br>
<span style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold">To:
</span><span style="font-family:Calibri,sans-serif;font-size:11pt"><a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">'WSBA Probate & Trust Listserv'</a></span><br>
</span><span style="font-family:Calibri,sans-serif;font-size:11pt;font-weight:bold">Subject:
</span><span style="font-family:Calibri,sans-serif;font-size:11pt">Re: [WSBAPT] IRA trusts</span><br>
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<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri","sans-serif";font-size:11pt">This is a complex area of tax law. I have used Judd Marten to advise on these provisions. He teaches on the subject matter.</span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri","sans-serif";font-size:11pt"> </span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri","sans-serif";font-size:11pt">Michael A. Winslow</span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri","sans-serif";font-size:11pt">1204 Cleveland Ave.</span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri","sans-serif";font-size:11pt">Mount Vernon, WA 98273</span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri","sans-serif";font-size:11pt">Ph. <a href="tel:360-336-3321" target="_blank" value="+13603363321">360-336-3321</a></span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri","sans-serif";font-size:11pt">Em. <a href="mailto:Mike@winslegal.com" target="_blank">Mike@winslegal.com</a></span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri","sans-serif";font-size:11pt"> </span></p>
<p class="MsoNormal"><span style="color:rgb(31,73,125);font-family:"Calibri","sans-serif";font-size:11pt">This message is from an attorney, so it’s confidential. If you are not the intended recipient, it’s too late to stop reading this message, but you may not
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<p class="MsoNormal"><b><span style="font-family:"Tahoma","sans-serif";font-size:10pt">From:</span></b><span style="font-family:"Tahoma","sans-serif";font-size:10pt"> <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>Jenna Brozik<br>
<b>Sent:</b> Friday, September 11, 2015 9:16 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> [WSBAPT] IRA trusts</span></p>
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<p class="MsoNormal">Hello list mates,</p>
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<p class="MsoNormal">I have a married couple who are clients and they have several IRAs in their own names. I have already done a living trust for them. I had planned to list the living trust as the secondary beneficiaries of the IRAs. Do you think it is
necessary to do a separate IRA trust and list this separate IRA trust as the secondary beneficiary of the IRAs?</p>
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<p class="MsoNormal">Thanks in advance for any comments or suggestions. </p>
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<p class="MsoNormal"><span style="font-family:"Arial","sans-serif"">Jenna Brozik</span></p>
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<p class="MsoNormal"><span style="font-family:"Trebuchet MS","sans-serif"">Attorney at Law</span></p>
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<p class="MsoNormal">Prinz & Brozik PLLC</p>
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<p class="MsoNormal">445 S Grand Ave</p>
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<p class="MsoNormal">Pullman, WA 99163</p>
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<p class="MsoNormal"><a href="tel:%28509%29338-0908" target="_blank" value="+15093380908">(509)338-0908</a> / <a href="tel:%28509%29%20338-3527" target="_blank" value="+15093383527">(509) 338-3527</a> (fax)</p>
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<p class="MsoNormal"><a href="mailto:jennaprinzlaw@gmail.com" target="_blank">jennaprinzlaw@gmail.com</a></p>
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