Experienced estate-planning practitioners know that the promise of the stretch IRA — to prolong the account's tax-deferred or tax-free status thereby allowing its assets to grow — often is thwarted if a trust isn't used to guard against beneficiaries. Too often, beneficiaries who receive retirement plan assets outright sabotage the stretch by withdrawing more than the required minimum distributions (RMDs), if not the entire amount. Trusts are needed to keep larger retirement funds in the ...

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