A reader asks Wall St. Journal writer Kelly Green the following:
My wife and I are both over 65 and are doing some estate planning. Can I transfer funds from a traditional IRA to a trust without immediately being taxed? What would be the tax consequences of making the trust the beneficiary of my IRA?
The answer discusses an estate planning device I call an “IRA Inheritance Trust®.” See my article on this subject called “How Your Family Can Become IRA Millionaires Using an IRA Inheritance Trust® that Protects the Funds from Ex-Spouses, Creditors & Bankruptcy Court.
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