Episode 244: IRA Trust Trustee
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We get a lot of questions about trusts. Who should get one? Who shouldn\\u2019t? 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, \\u201cSaddling an inexperienced trustee with such a daunting task can lead to egregious mistakes \\u2013 as a recent IRA private letter ruling states.\\u201d
We\\u2019ll cover the ins and outs of these mistakes along with an \\u201cinflation check-in\\u201d 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.
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