Tuesday, September 10, 2013
A Baby Boomer with an otherwise unremarkable estate could leave behind a supercharged IRA that empowers beneficiaries.
Philip J. Kavesh, a veteran estate planning attorney who has trained thousands of financial professionals, took part in designing the IRA Inheritance Trust® and successfully obtained a Private Letter Ruling for the technique in 2005.
Although several variations of “stretch-out” or “see-through” trusts have performed well and gained popularity among practitioners, the original IRA Inheritance Trust® is poised for a star turn that perfectly anticipates a significant demographic event.
We caught up with Mr. Kavesh to learn how the IRA Inheritance Trust® works and why it may turn IRAs into the focal point of millions of estate plans for the next generation.