What is the name of your state? Alabama
Question in using a QTIP trust with an IRA. I have a situation where the owner of the IRA designated his estate as beneficiary of his IRA. His will directs all assets into a QTIP trust. I need to know if because the estate is the designated beneficiary if he loses the benefits of the QTIP.
Also, his will and QTIP were put in place after he began receiving RMD. Does this have an effect on his ability to use a QTIP in his planning.
Question in using a QTIP trust with an IRA. I have a situation where the owner of the IRA designated his estate as beneficiary of his IRA. His will directs all assets into a QTIP trust. I need to know if because the estate is the designated beneficiary if he loses the benefits of the QTIP.
Also, his will and QTIP were put in place after he began receiving RMD. Does this have an effect on his ability to use a QTIP in his planning.