Court Orders Work

What do you do if faced with a decedent's individual retirement account (IRA) beneficiary designation that names a trust with multiple beneficiaries, three of whom are charities? What do you do if the personal representative of a deceased primary beneficiary wants to disclaim an IRA but the beneficiary designation names no contingent beneficiaries? What do you do if an IRA can pay an estate's expenses,

What do you do if faced with a decedent's individual retirement account (IRA) beneficiary designation that names a trust with multiple beneficiaries, three of whom are charities? What do you do if the personal representative of a deceased primary beneficiary wants to disclaim an IRA but the beneficiary designation names no contingent beneficiaries? What do you do if an IRA can pay an estate's expenses, debts and claims?

Answer: Go to court!

Three recent private letter rulings

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