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IRA Trust Issues and How to Handle Them

Trust beneficiary questions are one of the most popular topics that come into the Ascensus consulting lines. Trusts can be used for many reasons, such as estate planning, avoiding probate, and maintaining control over assets. They have become more popular as beneficiaries of IRAs and QRPs. This course reviews the guidance the Internal Revenue Code and Treasury Regulations provide when distributing IRA assets to a trust beneficiary. It also reviews compliance concerns that are frequently encountered and what risks financial organizations should be aware of in this legal grey area.