IRA beneficiary designation is not as simple as naming your spouse or child. Estate planning lawyer Bobby Feisee, president of InSight Law, highlights some of the benefits of naming a trust as a primary IRA beneficiary. Bobby published an in-depth article on this issue. Here is a link to that article:
If you have questions and want to speak with a lawyer at InSight Law, call 703-654-6019….(read more)
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What flexibility are you implying with the limited power of appointment? My spouse and I are well below the federal exclusion and >95% of my estate is my own separate property (vice community property) the terms of its disposal are contained in my RLT's QTIP provision that protects against re-marriage/divorce. I wouldn't want my SS to have any power of appointment whatsoever as grantor trying to ensure the property remains in my bloodline. Are you getting at flexibility to disclaim assets into marital and bypass? Thanks.
I think secure act destroys this strategy
@Insight Law I was contemplating appointing God the beneficiary of an ecclesiastical trust and appointing myself the trustee to establish a church. Thoughts?
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