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Follow on Google News | IRAs, (d)(4)(A) Trusts & MedicaidThis is an example case that I worked on where the individual wanted the IRA to be put into a Self-Settled (d)(4)(A) Trust and the article explains the way it was handled.
By: Dale Krause In the alternative, I determined that if the entire account was subjected to income tax, both state and federal, the individual would be left with net investable proceeds of $73,650. Not wanting to accept the economic risk of an unfavorable private letter ruling, and being left with only $74,000 of investable proceeds, the individual opted to proceed with the second alternative. Additionally, in that the individual had no immediate income needs, the Trustee invested the $73,650 into a tax-deferred annuity, which included an eight-year rate guarantee of 4.10%. Assuming no withdrawals, the annuity would have a value of $101,573.07 at the end of the eight-year term. Finally, with the annuity being annuitant-driven, the trust as the primary beneficiary would collect the entire account value following the insured's death. For more information, please contact us at http://www.medicaidannuity.com # # # Krause Financial Services specializes in helping families qualify for Medicaid benefits through the use of Medicaid Compliant Annuities, and Veterans Aid & Attendance benefits through the use of various life and annuity insurance products. End
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