Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Friday, December 22, 2017

Practical Issues Involving Implementing IRA Trusts (from a State Trust Point-of-View)

image from https://s3.amazonaws.com/feather-client-files-aviary-prod-us-east-1/2017-12-22/d70ceb6d-b25e-45a6-80fe-a372aa7df401.pngIRA trusts are often utilized by practitioners in asset protection planning and estate planning. Drafting an IRA trust can be particularly difficult for those practitioners who are unaware of IRS IRA compliance issues and state accounting rules for trusts reflected in the Uniform Principal and Income Act (UPAIA). When IRA trust documents are involved, it is incredibly important for practitioners to be aware of these rules. Because there are currently few continuing legal education courses offered on the subject, the burden rests on the practitioner to become aware of the rules through independent study of the law and relevant commentary.

See Seymour Goldberg, Practical Issues Involving Implementing IRA Trusts (from a State Trust Point-of-View), Ed Slott’s IRA Advisor, October 2017.


Estate Planning - Generally, Professional Responsibility, Trusts | Permalink


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