"Extend my IRA" Trust

For some an IRA represents years of work and discipline.  When this is the case, we can administrate a trust that can postpone payment of income tax on tax-advantaged IRAs by continuing the use of required minimum distributions after the participant's death and condition all distributions from the IRA to the trust on the needs of trust beneficiaries.  The IRA owner names the person or persons to benefit from the trust and terms of their benefits, usually based on the beneficiary's needs for health, education, maintenance and support.  The IRA owner then changes the IRA's beneficiary designation to the trust.  At the IRA owner's death the trust becomes the owner and beneficiary of the IRA and the IRA assets fund the trust over time as directed.


Contact Us to discuss options that could satisfy your interests.