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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
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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