To create a lasting legacy, you may need more than an IRA and a simple will. Find peace of mind for yourself and your beneficiaries with a Trusteed IRA.
What is a Trusteed IRA?
A Trusteed IRA is a single account that combines the tax benefits of an IRA with the flexibility, protections and control of a trust. It provides maximum control over how your assets are passed on to future generations. With a Trusteed IRA, you can determine who gets your assets, in what amounts, and when.
How does it work?
A Trusteed IRA incorporates your IRA into a comprehensive estate plan. Not only are you protecting your assets, but you are also protecting your beneficiaries by placing some controls on the distributions they may receive.
What does this mean for your legacy? Your assets are professionally managed and invested on a fiduciary basis, ensuring your wishes and the trust's assets are its primary concern.
What are the benefits of a Trusteed IRA?
Create a comprehensive estate plan for your retirement assets – including choosing who inherits in the case of the initial beneficiary's passing.
Designate the distribution of your IRA assets, in what amounts and when. This can be especially helpful if you are concerned about the financial sophistication of your heirs.
Customize your beneficiary designations – the Trusteed IRA is designed with flexibility so it can meet your needs. For example, you can provide for your current spouse and children from a prior marriage.
Plan for the possibility of future incapacity without the costs and complication of court appointments. If you become incapacitated, BECU Trust Services as trustee may continue the administration and investment management of your IRA.
Maximize estate tax savings.
Extend tax advantages to succeeding generations by implementing stretch IRA benefits.
Provide for beneficiaries with special needs.
Protect your assets and your beneficiaries. Explore the possibility of a Trusteed IRA.
Call BECU Trust Services at 800-233-2328 ext. 5176 or contact us through our form.
BECU Trust Services is a trade name used by MEMBERS® Trust Company under license from BECU. Trust services are provided by MEMBERS® Trust Company, a federal thrift regulated by the Office of the Comptroller of the Currency. This is for informational purposes only and is not intended to provide legal or tax advice regarding your situation. For legal or tax advice, please consult your attorney and/or accountant. Trust products not federally insured, not subject to credit union or affiliate guarantee, and may lose value.