He Named His Trust as the IRA Beneficiary to Protect the Kids. The Trust Hit the Top Federal Tax Rate at an Income Level a Person Would Barely Notice

He Named His Trust as the IRA Beneficiary to Protect the Kids. The Trust Hit the Top Federal Tax Rate at an Income Level a Person Would Barely Notice →

A trust designed to protect children from their own worst impulses can quietly hand the IRS a larger share of an inherited IRA than most families expect, and the income threshold that triggers the damage is shockingly low.