Problem:
Beneficiaries are financially capable and mature, or the living trust has not been updated or properly worded to allow for a “see thru” Trust. Pensions and IRA would distribute either immediately in lump sums or over 5 years periods causing unnecessary taxes and use of trust assets.
Solutions:
Updates and reviews of beneficiary designations
Comparison of pension allocation to estate allocation plan for adjustments
Be aware of the “see-thru” trust rules to allow for Stretching IRAs and effectively argue current law with reticent pension custodians.
Multiple IRAs to specifically allocate funding for individuals