I was fortunate enough to recently attend a seminar featuring Natalie Choate, one of the foremost nationwide experts on retirement benefits Ataxplan Publications. Having heard Ms. Choate speak numerous times, I am always amazed how she manages to keep the topic of retirement benefits fresh and timely.
While the seminar confirmed many estate planning and tax strategies which we are utilizing for retirement benefits, a few warnings which were presented might impact our clients in the future. The IRS has now blocked the ability to reform trusts post-death to comply with the trust rules for minimum distribution purposes. The IRS is also apparently going to devote energy to auditing required minimum distributions as a result of non-compliance with people failing to take their annual required distribution.
* The information contained in this Blog is intended for general information and educational purposes only and does not constitute legal advice or an opinion of counsel.