Trusts
See-through trust beneficiary
Definition A see-through trust is a trust that satisfies the requirements so as to be treated as a designated beneficiary. For retirement accounts inherited before
Wills and Estate Planning
Strategy for determining what happens to one’s assets after one’s death. The Will governs the individual’s estate. Estate planning is broader and includes all assets including retirement accounts and tax planning.
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How to Avoid The $10,000 Mistake Caused by Naming a Trust as The Beneficiary of a Roth IRA When Doing So Was Unwarranted
How to Avoid The $10000 Mistake Caused by Naming a Trust as The Beneficiary of a Roth IRA When Doing So Was Unwarranted PLR 202136004
Trustee
The definition of a trustee depends on the capacity in which the party is serving. Trustee includes : Banks and trust companies serving as trustees
Credit Shelter Trust ( Bypass Trust)
Definition Trust established upon the death of the grantor, designed to reduce federal estate taxes, by funding the trust with amounts up to the exclusion
Charitable Remainder Trust (CRT)
Definition A trust where the donor transfers assets to an annuity trust or unitrust. Under a CRT , The pays the donor or another beneficiary
Inheritance Tax
Definition Tax imposed on the right or privilege of receiving property from a decedent’s estate. Inheritance tax is not assessed on the property, but is
