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- Title
LRT 201021038--A Cautionary Tale.
- Authors
Keebler, Robert S.
- Abstract
The article focuses on the creation of Individual Retirement Accounts (IRA) in relation to the provisions of LTR 201021038. It highlights the contents of LTR 201021038 for drafting an insurance document when the IRA is rendered to benefit a trust. It also adds that Code Section 401emphasizes that IRA must benefit actual persons only and not corporations or groups. Moreover, it tells that the Tax Code of the U.S. should contain provisions that correct IRA drafting errors.
- Subjects
UNITED States; INDIVIDUAL retirement account laws; TAXATION of individual retirement accounts; INTERNAL revenue law; INSURANCE; TRUSTS &; trustees; TAX laws
- Publication
Journal of Retirement Planning, 2010, Vol 13, Issue 5, p21
- ISSN
1520-0361
- Publication type
Article