Probate
Jun. 7, 2011
Individual Retirement Accounts and Living Trusts: An Uneasy Combination
How to manipulate IRAs and living trusts to get the most favorable result. By Bruce Givner of Givner & Kaye and Jeffrey Munjack of JDM Financial Group.
In 1974, Congress passed the Employee Retirement Income Security Act (ERISA) to regulate employer-sponsored retirement plans. However, to encourage savings by individuals whose employers do not sponsor retirement plans, Congress created individual retirement accounts (IRAs). The initial deductible limits were small: the lesser of $1,500 or 100 percent of pay. But over time, the limits were increased; those covered by employer-spon...
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