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Qualifying a Trust as a Beneficiary of a Retirement Plan

In Part 1, I discussed the staggering monetary potential a beneficiary of certain inherited retirement plans is capable of achieving if the beneficiary stretches that plan over their lifetime. Most beneficiaries, however, just don’t do it. It doesn’t happen for a variety of reasons, some of which involve a beneficiary who is: a minor who upon turning 18 steps into a good bit of money and mishandles it; an adult who is irresponsible; or someone who is simply not aware of the concept. I then discussed the reasons why naming a Trust as a beneficiary of your retirement plan addresses these situations, better ensuring that the stretch actually happens. But just naming any Trust as the beneficiar

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