The LEARNING library

IRA Trust Trustee ?

We get a lot of questions about trusts. Who should get one? Who shouldn’t? What are the long-term ramifications? Is it a bad idea to name a trust as the beneficiary of an IRA?

Excellent questions!

Today, we are going to discuss, specifically, naming a trust as the beneficiary of an IRA. This can be quite overwhelming for the trustee if they are not experienced. According to Ed Slott, “Saddling an inexperienced trustee with such a daunting task can lead to egregious mistakes – as a recent IRA private letter ruling states.”

We’ll cover the ins and outs of these mistakes along with an “inflation check-in” as we enter into an upcycle that is not transitory in nature. It will be led by these long-term factors: wages, rents and energy prices.