Conduit Trust As Your IRA Beneficiary?

[@mikegregory7844]

Paul, you are just wonderful in your ability to help explain all of this. Many, many thanks!

[@TheHouseofChameleons]

The trust is the beneficiary but its not mentioned on the trust on how it is to be distributed. Can the trustee just decide on how its distributed to multiple beneficiaries?

[@robertjohnson4401]

You will not get a reply on this because it would require seeing the wording in the trust to answer your question.

[@jihanjude6634]

Hi, I’m an EP attorney in Florida. Do you have a video update on the Secure Act 2.0 changes? Thank you

[@dancingbird7225]

Great work, very informative and educational . Thanks a lot

[@mercurynfo]

Mr R. Can you explain the mechanics of your post-SECURE Act boilerplate provisions for minor children? You say conduit language is pretty much falling by the wayside for non-designated beneficiaries and children but what is your plan for clients who approach you today with large QRP holdings? And I know it won’t help the estate attorneys much, but life insurance, as a replacement for the lost stretch might be a good option provided the client is insurable. An life insurance policy in an amount approximately equal to the IRA value could very well make up for the lost time-value of money for anyone on the 10 yr clock. Would you support this strategy for your clients? Maybe an idea for a future segment you can do? Cheers.

[@greatsouthmarketing8897]

Exactly. I’d like to know as well. Is there a video on this?

[@ralphweber2522]

My head is starting to hurt! 😂

[@larrykruck1572]

What you say is not always true, some company only give a beneficiary trust Five years withdraw

[@izzyvelozwithwolfe-2244]

QUESTION IN AN IRRECOVABLE TRUST CAN A GRANTOR ALSO BE THE TRUSTEE? IF SO HOW? CAN YOU EXPLAIN A LITTLE MORE ON IRREVOCABLE TRUST. CAN I PUT MY BUSINESS IN AN IRREVOCABLE TRUST?

[@kennethkirk4944]

That depends on the state. In some states if you're the grantor and trustee, it ain't irrevocable.

[@onezephyr4515]

Mr. Rabelais, Thanks for the fantastic content. I have a company that helps a lot of people in probate, divorce, foreclosure, and downsizing for retirement or assisted living. We shoot to offer a vertically integrated solution to help connect them to the right resources (we don’t take referral fees, liquidate assets most effectively for their situations, etc. We try to pick up where legal counsel leaves off, and work hand in hand with a lot of attorneys, and send people to attorneys like you to avoid probate in the future. My question is, what do beneficiaries usually do if the property is in a trust, and no probate is required. It seems like some beneficiaries would have parallel needs, since they’re still inheriting lots of property, getting new money, and navigating the legal process. Any insight into this? I haven’t been able to find many good resources, and so your opinion is valued greatly.