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<p class="MsoNormal"><a name="_GoBack"></a><span style="color:#1F497D">That works well or to avoid opening another account, just have the court order direct that all disbursements from the IRA account go to such other blocked account at another financial institution.
Regardless of what you choose, always try to have in house counsel for the financial institution that holds the IRA review any proposed order before you submit to the court.<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" style="text-align:justify"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Marcus J. Fry<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Lyon, Weigand & Gustafson, P.S.
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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>Nicholas Pleasants<br>
<b>Sent:</b> Thursday, January 04, 2018 1:34 PM<br>
<b>To:</b> wsbapt@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBAPT] Blocked Account for IRA distributions<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Hello Listmates,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I have a guardianship estate (Slightly outside the scope of this listserv, but I’m hoping the Trust folks have dealt with this) in which the assets must be placed into blocked accounts. One major asset is an IRA that is in the RMD period.
Obviously I will block the IRA, but how do I make sure that it can keep doing RMD’s without getting a court order each year? My thought at this point is to set up another account at the same institution, also blocked, and then just put the RMD in that account
(the blocked funds receipt has language that seems to permit movement between blocked accounts at the same institution). Hoping somebody with experience on this issue can point me in the right direction. Thanks.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Best,<o:p></o:p></p>
<p class="MsoNormal">Nick Pleasants<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="color:#4472C4">Nicholas Pleasants<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="color:black">James Pleasants, P.C.<br>
2300 130th Ave NE, Suite A-101<br>
Bellevue, WA 98005-1755<br>
(425) 615-7070 tel.<br>
(425) 497-0799 fax<br>
<a href="mailto:nick@pleasantslaw.com"><span style="color:blue">nick@pleasantslaw.com</span></a><o:p></o:p></span></p>
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