dmertz, I am sorry for the confusion! What I posted was Article 10 from my father’s Trust which only had to do with how to handle Retirement Plans such as IRA’s. Article 7 of his Trust is the Distribution section. It clearly mentions the 4 beneficiaries. I didn’t post it here because I didn’t want to redact the names of the beneficiaries, but basically in English it says that my father put 4 Beneficiaries with equal 25% shares on the Trust.
The 4 Beneficiaries are:
(1) Me who is also the Successor Trustee, age 68
(2) My late brother’s sister-in-law, age 65
(3) My sister (age 67) who can’t manage money so my father wants me to manage her benefits for her.
(4) My father’s girlfriend (partner age 89) who he lived with for 20 years. They never married. My father also wants me to manage this share until she passes away and then my sister, my sister-in-law, and I will inherit what remains of her 25% share.
So with this added Beneficiary information does what I previously posted from the IRA section of my father’s Trust satisfy the 10 year IRS Secure Act See Through distribution rule to beneficiaries? I think so.
And yes, I will talk to my father’s lawyer who set up the Trust either this week or in the very near future. I have met with him and my father in the past when he initially set up the Trust for my father. He doesn’t seem to be aware of all of the tax laws that he should be. I will seek a financial person if I need to but I posted on this forum to get other professionals opinions. As you are probably aware not all professionals have the same opinion 😂
