<div dir="ltr">Thank you Heather. That sounds like a smart idea: just have the account segregated into separate accounts now and then drawing against the accounts equally.<div><br></div><div>And just to clarify, when you say "name the child as beneficiary" of a given account, if the intention is to hold those assets under a conduit trust for that child's benefit you are naming the trustee of the trust, correct?</div><div class="gmail_extra"><br clear="all"><div><div class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div style="font-family:arial;font-size:small">Best,</div><div style="font-family:arial;font-size:small">David J. Faber</div><div style="font-family:arial;font-size:small">Faber Feinson PLLC</div><div style="font-family:arial;font-size:small">210 Polk Street, Suite 1</div><div style="font-family:arial;font-size:small">Port Townsend, WA 98368<br>(360) 379-4110</div><div style="font-family:arial;font-size:small"><br></div><div style="font-family:arial;font-size:small"><span style="font-family:Helvetica">*** NOTICE: ATTORNEY CLIENT COMMUNICATION - PRIVILEGED & CONFIDENTIAL. This communication may contain privileged or other confidential information. If you are not the intended recipient, or believe that you have received this communication in error, please do not print, copy, retransmit, disseminate, or otherwise use the information. Also, please indicate to the sender that you have received this communication in error, and destroy the copy you received.***</span></div></div></div></div>
<br><div class="gmail_quote">On Tue, Jun 27, 2017 at 12:34 PM, Heather deVrieze <span dir="ltr"><<a href="mailto:heatherd@westseattlelaw.com" target="_blank">heatherd@westseattlelaw.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-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d">I often find it quite easy for the client to split their IRA into two accounts with the same financial institution, name child as beneficiary of one and nonprofit
as beneficiary of other. They can adjust their distribution plan by moving funds between accounts, choosing which account to take their RMD from, etc.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d">Heather<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:16.0pt;font-family:"Vladimir Script";color:#1f497d">Heather S. de Vrieze</span><b><span style="font-size:16.0pt;font-family:"Calibri",sans-serif;color:#1f497d"><br>
</span></b><i><span style="font-size:11.0pt;font-family:"Garamond",serif;color:#1f497d">Attorney-at-Law<u></u><u></u></span></i></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:Nyala;color:#44524e">3909 California Avenue SW<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:Nyala;color:#44524e">Seattle, WA 98116-3705 <wbr>
<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1f497d"><a href="mailto:heatherd@westseattlelaw.com" target="_blank"><span style="font-size:10.0pt;font-family:Nyala;color:#44524e">heatherd@westseattlelaw.com</span></a></span><span style="font-size:10.0pt;font-family:Nyala;color:#44524e">
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.<wbr>com</a> [mailto:<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.<wbr>wsbarppt.com</a>]
<b>On Behalf Of </b>David Faber<br>
<b>Sent:</b> Tuesday, June 27, 2017 11:56 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv <<a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a>><br>
<b>Subject:</b> [WSBAPT] Gift of Traditional IRA to Juridical Entity<u></u><u></u></span></p><div><div class="h5">
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<p class="MsoNormal">I'm trying to understand how much flexibility I can bake into a trust arrangement for a client who wishes to leave a portion of their traditional IRA to a nonprofit entity and the rest in trust to the client's child. IRC § 1.401(a)(9)-4
of course does not allow juridical entities as possible contingent beneficiaries of a qualified retirement plan account, but am I right in assuming that provided the client splits the QRP into separate tranches at the time of their death, any portion that
is directed to an individual beneficiary (with proper contingent beneficiary language) would be able to be stretched irrespective of the gift to the juridical entity? Also, would you advise I have the beneficiary designation deal with the carving up of the
QRP directly or should I have the trustee tackle that issue within the confines of trust instrument? I am leaning toward the former, but understand that there are sometimes pitfalls around plan administrators properly addressing the renaming and segregation
of accounts.<u></u><u></u></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Best,<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">David J. Faber<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Faber Feinson PLLC<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">210 Polk Street, Suite 1<u></u><u></u></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Port Townsend, WA 98368<br>
<a href="tel:(360)%20379-4110" value="+13603794110" target="_blank">(360) 379-4110</a><u></u><u></u></span></p>
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