Estate Planning

Stretch Beneficiaries and Complications with Estate Planning

By David M. Goldman

Some of the common issues with naming beneficiaries on retirement accounts:
1) Make sure you name a beneficiary on a retirement account or estate will become beneficiary.
2) Multiple Beneficiaries on accounts can cause problems because all Beneficiaries must take the ADP of the oldest beneficiary
3) Lump sum distribution requirements- can be transfered to IRA.
4) If the beneficiary is a see through trust, then each beneficiary of the oldest beneficiary.
5) if the beneficiary is older than the participant, the life expectancy of the participant is used.

Full post as published by Florida Estate Planning Lawyer Blog on January 12, 2009 (boomark / email).