Avoiding a penalty on early distributions from qualified plans and IRAs

Article Abstract:

The author discusses tax penalties which are applied when early distributions are made from qualified benefit plans and IRAs. Tax planning and administration methods are suggested.

Laws, regulations and rules, Tax penalties

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IRS letter rulings provide insight into planning for IRAs

Article Abstract:

The author discusses tax planning for IRAs and focuses upon several relevant IRS letter rulings which may help to clarify IRS regulations.

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A marriage of convenience: the credit shelter trust and qualified plan and IRA benefits

Article Abstract:

A credit shelter trust can be used to provide estate tax relief if qualified plan or IRA benefits are paid into it during the surviving spouse's lifetime, but proper coordination with plan/IRA minimum distribution rules is essential. Planners should also be aware of the issues surrounding the designation of a credit shelter trust as a plan/IRA beneficiary. General considerations for planning either prior to or after the client's required beginning date are also discussed.

Estate Planning, Methods, Planning, Retirement planning, Trusts and trustees, Trustees, Trusts (Law)

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