Jenny, your client, is the 55-year-old widow of George, who was 70 years old when he died
earlier this year. Ed, age 35, is their only child. Jenny is the primary beneficiary and Ed is the
contingent beneficiary of George's IRA, which is worth $400,000. Which one of the following
planning techniques will accomplish Jenny's goal of deferring taxes for as long as possible on
George's IRA?
A)
beginning payments to Jenny based on her remaining life expectancy
B)
moving the money into an IRA in Jenny's name
C)
beginning payments to Ed based on his life expectancy
D)
initiating a dependent rollover to Ed.
Jenny, your client, is the 55-year-old widow of George, who was 70 y.pdf
1. Jenny, your client, is the 55-year-old widow of George, who was 70 years old when he died
earlier this year. Ed, age 35, is their only child. Jenny is the primary beneficiary and Ed is the
contingent beneficiary of George's IRA, which is worth $400,000. Which one of the following
planning techniques will accomplish Jenny's goal of deferring taxes for as long as possible on
George's IRA?
A)
beginning payments to Jenny based on her remaining life expectancy
B)
moving the money into an IRA in Jenny's name
C)
beginning payments to Ed based on his life expectancy
D)
initiating a dependent rollover to Ed
