Designation of IRA and other retirement account beneficiaries can be a complicated decision for most clients, and Trusts which hold individual retirement accounts are even more complicated. When they converge — for instance, when someone names a trust as a beneficiary to an IRA — things can go very wrong, and that can be very expensive. Inherited IRA’s naming outright beneficiaries, classes of beneficiaries, or the estate of the decedent, often become a bone of contention in estate administration, and improper planning, or lack of knowledge can expose practitioners to serious consequences, and potential claims of malpractice.
Articles and Publications
- Jeffrey D. Katz, Esq. Interviewed By Fox 5 Washington DC About Estate Plans for College Students
- Maryland’s Elective Share Law: Impact on Estate Planning Since 2020
- Uncorking the Maryland Trust Decanting Act: A Vintage Upgrade for Irrevocable Trusts
- Supreme Court Upholds Mandatory Repatriation Tax: Key Takeaways from Moore v. United States
- Jeffrey D. Katz, Esq. Interviewed By Fox 5 Washington DC About The Importance of Estate Planning
- Jeffrey D. Katz, Esq. Interviewed By Authority Magazine on Businesses Needing Legal Counsel