Has anyone else created a trust?

toledo
Fri, 05 Sep 2014 16:14:49 +0000

Sounds sort of like your are trying to disburse ahead of time



No. My first beneficiary is my husband, but the second is the kids, all of them. Attorney explained that the trust splits, upon both of our deaths. IRA payouts have tax consequences, so he thinks the smartest move is to have each kid with his own component trust. I can’t believe how confusing this all of this has gotten. I’m worried that when our trustee sees the mountain of paperwork, he’ll back out.