Tax planning (Laws, regulations and rulesIrrevocable trusts (Laws, regulations and rulesTransfer taxes (Laws, regulations and rulesGeneration-skipping transfer tax (Laws, regulations and rulesBerkeley Electronic Press Selected WorksSimmons, Thomas E...
Consult a tax professional regarding your situation. Distribution rules will vary for entities such as trusts, estates, and charities. An inherited IRA held by a non-spouse beneficiary does not provide bankruptcy protection. While some states have laws that still may protect inherited IRAs, for a...
subject to the rights of any irrevocable beneficiary. The owner is subject to income tax on all payments made from the annuity, regardless of who is named as payee or annuitant if different than the owner). When applicable, the penalty on any premature distributions is based on the ...