Form 5305 R Rev March Roth Individual Retirement Trust Account

Instructions and help about Form 5305 R Rev March Roth Individual Retirement Trust Account

hi i'm jim lang i'd like to talk about what is often referred to as a roth ira trust and what this is it is a regular inherited ira but rather than going outright to the beneficiary which is typically a child or a grandchild you might want to leave the money in trust and sometimes you can have a more or less standard minors trust that might be something like health maintenance support education postgraduate postgraduate education down payment for a home perhaps distributions of one third of 25 one third of thirty and one third thirty five but you also might prefer a more restrictive trust that will give the child or the grandchild the right to take out the minimum required distribution but perhaps no more unless there is a very compelling need for it that way your legacy of the roth ira is is better guaranteed to go income tax-free well beyond your life in the example of a grandchild perhaps 50 70 90 years past your lifetime income tax free and if a trust is appropriate and for some pe