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<p class="MsoNormal"><span style="color:#1F497D">Hi Margaret,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">If the trust is written as a conduit, then it can stretch over the child’s lifetime and at the designated age, the trust terminates and the child remains the direct beneficiary. The child can then continue pulling
out the proceeds over the child’s remaining lifetime. If you want to talk about it further, feel free to give me a call. Gair Petrie is guru in such matters and Natalie Choate’s book is very helpful. Maybe you know all that already, though.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D">Best regards,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:14.0pt;font-family:"Lucida Handwriting";color:#002060">Kerry E. Brink<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="color:#1F497D">Kerry E. Brink </span></b><b><span style="font-size:7.5pt;color:#1F497D">• </span></b><b><span style="font-size:9.0pt;color:#1F497D">Attorney</span></b><b><span style="font-size:3.0pt;color:#1F497D"><o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:3.0pt;font-family:"Californian FB","serif";color:#1F497D"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-family:"Californian FB","serif";font-variant:small-caps;color:#C00000">Estate Planning, Probate, Elder Law<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-variant:small-caps;color:#C00000"><br>
</span></b><b><span style="font-size:14.0pt;color:#002060">Vandeberg Johnson & Gandara, LLP<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:9.0pt;color:#1F497D">PO Box 1315<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:9.0pt;color:#1F497D">1201 Pacific Ave Suite 1900<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:9.0pt;color:#1F497D">Tacoma, WA 98401-1315<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="color:#C00000"><a href="http://www.vjglaw.com/"><span style="font-family:"Times New Roman","serif"">www.vjglaw.com</span></a><o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;color:#C00000">kbrink@vjglaw.com<o:p></o:p></span></b></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:10.0pt;font-family:Wingdings;color:#C00000">(</span><b><span style="font-family:"Arial","sans-serif";color:navy">Phone</span></b><span style="color:navy">:
</span><b><span style="font-family:"Arial","sans-serif";color:navy">253.383.3791 </span>
</b><b><span style="color:navy"><br>
</span></b><b><span style="font-size:10.0pt;font-family:"Wingdings 2";color:#C00000">7</span></b><b><span style="font-family:"Arial","sans-serif";color:navy">Fax</span></b><span style="color:navy">:
</span><b><span style="font-family:"Arial","sans-serif";color:navy">253.383.6377 </span>
</b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:navy"><o:p></o:p></span></p>
<p class="MsoNormal"><i><span style="color:#1F497D">_______________________________<o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="font-size:9.0pt;color:#002060">CONFIDENTIALITY DISCLAIMER</span><span style="font-size:9.0pt;color:#1F497D">: This Electronic Message contains information belonging to Vandeberg Johnson & Gandara, LLP, which is confidential
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></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""> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Margaret Delp<br>
<b>Sent:</b> Friday, February 19, 2016 4:10 PM<br>
<b>To:</b> 'WSBA Probate & Trust Listserv'<br>
<b>Subject:</b> [WSBAPT] Retirement account left to trust until age 35<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:11.5pt;font-family:"Arial","sans-serif";color:#3F4549">Hello Everyone: I have a client who wishes to leave her entire estate, including IRA and 401(k) account, to a trust for her 2 children. She wants the trust assets
distributed outright to them when the youngest reaches the age of 35<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.5pt;font-family:"Arial","sans-serif";color:#3F4549"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.5pt;font-family:"Arial","sans-serif";color:#3F4549">MY QUESTION: what happens to the Trust's IRA at the termination of the trust when the beneficiary reaches age X? For example, let's say a child is the beneficiary
of a trust (that meets the 1.401(a)(9) look through rules) and the trust says that all the assets in the trust will be distributed to the child when he attains age 35. Would the IRA have to terminate and distribute all of the assets to the beneficiary at that
time (resulting in a potentially significant tax liability at that time), or could the tax deferral (stretch) be allowed to continue by transferring the remaining IRA account to an inherited IRA in the name of the beneficiary when he attains age 3r - thus
allowing continued withdrawals over the beneficiary's remaining life expectancy<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.5pt;font-family:"Arial","sans-serif";color:#3F4549">Thank you!<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.5pt;font-family:"Arial","sans-serif";color:#3F4549">Margaret</span><o:p></o:p></p>
<p class="MsoNormal">--<o:p></o:p></p>
<p class="MsoNormal">Law Office of Margaret Delp<o:p></o:p></p>
<p class="MsoNormal">2815 Howard Road, Second Floor<o:p></o:p></p>
<p class="MsoNormal">P.O. Box 292<o:p></o:p></p>
<p class="MsoNormal">Langley, WA 98260<o:p></o:p></p>
<p class="MsoNormal">(360) 579-4530 (telephone)<o:p></o:p></p>
<p class="MsoNormal">(360) 512-3114 (facsimile)<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">This email is covered by the Electronic Communications Privacy Act, 18 U.S.C. Sections 2510-2521, and is legally privileged. This email was sent by an attorney or her agent, is intended only for the addressee's use, and may contain confidential
and privileged information. If you are not the intended recipient, you are hereby notified that any retention, dissemination, reproduction or other use of the information contained in this e-mail is strictly prohibited. If you have received this email in
error, please delete it and immediately notify the sender by reply email. Thank you for your cooperation.<o:p></o:p></p>
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