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Posted by Shagnasty on December 13, 2006, 10:57 pm
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> My wife and I just completed an estate plan including a
> Living Trust. Our IRA assets were funded with benificiaries
> shown as:
> 1. the surviving spouse
> 2. our sons lifetime trust - equal shares
> 3. our Trust if neither of our sons survives us
>
> Question 1: when the second spouse dies, does this funding
> allow the proceeds to be "stretched" by our sons? If not,
> how should the IRA assets been funded in our Trust?
>
> Question 2: Do 403b funds fall under similar rules as IRA's
> or do they need to be rolled over to an IRA so the proceeds
> can be stretched on the death of the secodn spouse?
>
> Question 3: If my wife and I die in the same accident, how
> does that affect this situation, if at all?
If you will go to Tax Man http://wwwtaxman.blogspot there
are some explanations of several rules affecting Required
Minimum Withdrawals, including situations where a person has
both a 403B Plan and an IRA. There is also a discussion of
Inherited IRAs. I believe these will answer some of your
questions. I don't think a brief answer on this message
board is likely to address all of your concerns. If you
will read the messages at Tax Man, you might be able to
shorten your list of questions.
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