I just got through reading your article on A Trust as an IRA Beneficiary. At the end, you say "see your estate planner." We have never really consulted in anyone other than our lawyer for our wills. So often I see in articles consult your tax person or financial planner. We have spoke to financial planners but it seems they don't know enough about tax consequences and only want to sell more investments they are pushing. So should one consult in a CPA (Certified Public Acct) when making retirement decisions? I recently called our lawyer that did our wills about possible estate taxes and he suggested we wait until after the presidential election as the limit could go up to one million before estate taxes are taken. But who truly is an "estate planner?" other than ourselves. Who knows the tax consequences best. I would look for a lawyer that specializes in estate and elder law or a CPA. The CPA may also have some specialization in financial planning. You do not mention the size of your estate. If tax advice is what you need see the CPA. If you need papers draated see the attorney.I do not like your lawyers comment to wait until after the elections. However to be fair he knows you situation and there maybe nothing for you to do. On the other hand he may not have a lot of skill in the tax area and if you have a large estate you could have problems. My vote is to see the CPA since you have already seen an attorney.
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