IRS proposes new, liberalized minimum distribution regs

Article Abstract:

An overview of the IRS's minimum distribution rules for Individual retirement accounts, proposed to take effect on January 1, 2002, is provided. Topics include the new uniform distribution table, changes in designated beneficiary rules, and revised post-death distribution rules.

Financial planning

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Estate planning stragtegies for clients who wait until the last minute

Article Abstract:

The authors outline estate planning strategies that depend on the condition of the client or the client's survival for a specified term, such as grantor retained annuity trusts. Income tax considerations and planning with employee benefits and IRAs are also discussed.

Management, Employee benefits, Grantor trusts

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Should retirement distributions be accelerated or deferred?

Article Abstract:

People with retirement plans will be able to withdraw their accounts in 1997, 1998, and 1999 without paying the 15% excise tax normally applied to excess distributions. This provision was designed to raise revenues that would help balance the federal budget. People who accelerate distributions during this three-year period would eliminate or minimize excise taxes, while deferring distributions would extend the benefits of tax-deferred growth. Distribution plans should attempt to provide the greatest benefits for all family members.

Retirement Benefits, Trust, Fiduciary, and Custody Activities, Estate & Tax Planning, Taxation, Distribution, Qualified benefit plans, Retirement income

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