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The Trouble With IRA AdministrationThe Trouble With IRA Administration

We frequently hear estate planners complain that IRA administrators will not execute an important part of an estate plan that they established for a client. The problem is most serious if it occurs after the death of the individual retirement account owner, when it is usually too late to take corrective action. Are these isolated cases or is the problem pervasive? If there is a widespread issue, what

Christopher R. Hoyt, Professor of Law

October 1, 2003

3 Min Read
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Christopher R. Hoyt

We frequently hear estate planners complain that IRA administrators will not execute an important part of an estate plan that they established for a client. The problem is most serious if it occurs after the death of the individual retirement account owner, when it is usually too late to take corrective action. Are these isolated cases or is the problem pervasive? If there is a widespread issue, what can estate planners and IRA administrators do to carry out their mutual client's objectives?

A survey conducted during a telephone seminar on Sept. 4, 2003 measured the extent of the problem. I was the guest speaker on “Stanley Quizzes the Estate Planning Experts,” a program moderated by Kansas City attorney Stanley Burnste...

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About the Author

Christopher R. Hoyt

Professor of Law, University of Missouri

Christopher R. Hoyt, JD is a Professor of Law at the University of Missouri Kansas City School of Law where he teaches courses in the area of federal income taxation and business organizations.  Previously, he was with the law firm of Spencer, Fane, Britt & Browne in Kansas City, Missouri.  He received an undergraduate degree in economics from Northwestern University and he received dual law and accounting degrees from the University of Wisconsin.

Professor Hoyt has served as the Chair of the American Bar Association’s Committee on Charitable Organizations (Section of Trusts and Estates) and is on the editorial board of Trusts and Estates magazine. He is an ACTEC fellow, has been designated by his peers as a “Best Lawyer”, and was elected to the Estate Planning Hall of Fame by the National Association of Estate Planners & Councils.  He is a frequent speaker at legal and educational programs and has been quoted in numerous publications, including The Wall Street Journal, Forbes, MONEY Magazine, The New York Times and The Washington Post