Posts From July, 2011

CJT’S TOP 10 LIST ON MOST COMMON MISTAKES IN POST-DEATH TRUST ADMINISTRATION

Myth #10:    A revocable Trust should hold all of the settlor’s assets.  This is incorrect.  Qualified retirement assets, like IRAs, 401(k) plans, pension and profit sharing plans, and 403(b) plans (tax sheltered annuities) should not be transferred to the revocable Trust while the employee participant is still living.  A change in ownership of the retirement …