<div dir="ltr"><div><div><div>You won't be able to roll it over into another IRA - that's only allowed spouse to spouse. <br><br></div>Did the trust require minimum distributions up until now? Typically an election is made regarding how the funds are taken when inherited (lump sump; 5 year distribution; distribution over the life expectancy of beneficiary).<br><br></div>I'd look at the language of the trust and if any elections were made. Maybe trustee could "distribute" account to beneficiary by simply renaming owner and allowing him to continue to take yearly distributions.<br><br></div>Sincerely,<br></div><div class="gmail_extra"><br clear="all"><div><div class="gmail_signature" data-smartmail="gmail_signature"><div dir="ltr"><div><div dir="ltr"><div><div dir="ltr"><div dir="ltr"><div><div dir="ltr">Christopher Small<br></div></div><div><a href="http://cmslawfirm.com" target="_blank">CMS Law Firm LLC</a></div><div>150 Lake St. S., Suite 218</div><div>Kirkland, WA 98033</div><div>206.659.1512</div></div></div></div></div></div></div></div></div>
<br><div class="gmail_quote">On Wed, Jul 5, 2017 at 2:50 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">When did mom die? Has anything happened with the account after death?<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>
<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: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>
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<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Calibri",sans-serif;color:#a6a6a6">CONFIDENTIAL & PRIVILEGED. This e-mail message may contain legally privileged and/or confidential information. If you have received this e-mail in error, please
notify the sender immediately and delete all copies of this e-mail message and any attachment.</span><span style="font-size:16.0pt;font-family:"Cambria",serif;color:blue"><u></u><u></u></span></p>
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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>Jenna Brozik<br>
<b>Sent:</b> Wednesday, July 05, 2017 2:32 PM<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] Issue with Testamentary Trust being the beneficiary of an IRA<u></u><u></u></span></p><div><div class="h5">
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<p class="MsoNormal">List mates,<u></u><u></u></p>
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<p class="MsoNormal">Here is the scenario. The mother died leaving everything to her son in a testamentary trust. (not living trust). According to the trust, he received 1/2 her assets when he turned 25 and the remainder of the trust he is to receive at
age 30.<u></u><u></u></p>
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<p class="MsoNormal">He has now turned 30. The mother listed his trust as the beneficiary of her IRA. Now the company that runs the IRA is saying that since he is 30 he is to receive all of the IRA (at once with all the tax consequences) because that is the
language of the trust. They have refused to roll it over into an IRA in his name and they have refused to continue to give him the minimum distributions.<u></u><u></u></p>
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<p class="MsoNormal">Does anyone have any suggestions? There was already a probate which was closed last year.<u></u><u></u></p>
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<p class="MsoNormal">Thank you, <br clear="all">
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">Jenna Brozik</span><u></u><u></u></p>
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<p class="MsoNormal"><span style="font-family:"Trebuchet MS",sans-serif">Attorney at Law</span><u></u><u></u></p>
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<p class="MsoNormal">Prinz & Brozik PLLC<u></u><u></u></p>
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<p class="MsoNormal">445 S Grand Ave<u></u><u></u></p>
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<p class="MsoNormal">Pullman, WA 99163<u></u><u></u></p>
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<p class="MsoNormal"><a href="tel:(509)%20338-0908" value="+15093380908" target="_blank">(509)338-0908</a> / <a href="tel:(509)%20338-3527" value="+15093383527" target="_blank">(509) 338-3527</a> (fax)<u></u><u></u></p>
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<p class="MsoNormal"><a href="mailto:jennaprinzlaw@gmail.com" target="_blank">jennaprinzlaw@gmail.com</a><u></u><u></u></p>
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