Michelle Ward & PLR 201203033: Trust Qualified as Designated Beneficiary After Beneficiary Released Certain Powers

Reproduced with Permission by and Courtesy of Leimberg Information Services, Inc. (LISI). For information about how to subscribe to LISI, click here. EXECUTIVE SUMMARY In PLR 201203033, a trust qualified as a designated beneficiary after a trust beneficiary released certain portions of a power of appointment. The trustee of the trust was also allowed to transfer the inherited qualified plan to an inherited IRA for the benefit of the trust. FACTS “Alex” died at age 62 after establishing a trust that became irrevocable at his death. Alex was survived by his wife, “Lydia”, and his two children, “Nicholas” and “Melissa.”…

New Website Launched!

We are pleased to announce the launch of our newly designed website. We think that the navigation and ease of finding things are among the many improvements to the site. There are still many areas of the website that we will be building up and improving over the course of the next few months. Here’s just a preview of what you can expect to find in the near future: Updated blog entries with information from leading sources in the estate and financial planning field Ability to search for and purchase more of our most popular teleconferences held in 2011 Detailed…

New Blog for The Ultimate Estate Planner, Inc.

We have followed suit with many other companies and have decided to start a blog, which we hope will become a great resource for estate planning professionals of all kinds of designations, including attorneys, CPAs, financial advisors, insurance agents, enrolled agents and many more. There’s a vast well of knowledge and information out there. It can be difficult, timely and quite expensive to sift through all of the different outlets out there. We hope to become your “one-stop-shop” to get this information. We have a lot of things coming down the pipeline. We’ve moved our offices. We’ve expanded our staff….