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Decanting Trusts to Remove Unwanted Beneficiaries

Keep assets in the individual retirement account for as long as possible.

It’s generally beneficial to keep assets in individual retirement accounts for as long as possible because IRAs provide significant tax benefits. But, if IRA benefits are payable to a trust, and all of the beneficiaries and permissible appointees of the trust are individuals, the one with the shortest life expectancy (that is, the oldest one) is the designated beneficiary for purposes of determining the applicable distribution period (that is, the required distributions).1 This

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