Trusts

We counsel clients in designating trusts as beneficiaries of IRAs and ensuring that appropriate “conduit” or “accumulation” trust provisions are included in trusts. This permits life expectancy calculation of RMDs based on a trust beneficiary’s age, which maximizes the income tax deferral period for the IRA assets.

We also counsel clients on lifetime gifting from IRAs directly to charities of up to $100,000 per year if over 70 ½ which avoid inclusion as gross income (“Qualified Charitable Distributions”).   

Our Trust Services department is available to assist clients in all aspects of trust management, including Management, Investments, Securities, Active Management and reporting. See Trust Services for additional detail.