IRA BENEFICIARY TRUST
An IRA Beneficiary Trust can be the primary or contingent beneficiary of an IRA account (or accounts). The advantage of an IRA Beneficiary Trust is that if can create “separate shares sub-trusts” which enables the beneficiary of each sub-trust to “stretch” the MRD over his or her life expectancy instead of using only the shortest life expectancy of all possible beneficiaries and prevents the immediate withdrawal of the otherwise tax exempt assets of the IRA by the beneficiary.
In addition, the “Trust Protector” designated in the trust has the power, exercisable up to September 30 of the year following the client’s death, to convert a sub-trust from a “conduit trust” to a fully discretionary “accumulation trust”; to maximize the MRD tax benefits, the Trust Protector also has the power, in the same time frame, to change the potential contingent beneficiaries (other than the primary beneficiary and/or the client’s issue). This power to convert can be very important when other considerations may make the discretionary power to accumulate more important than the maximum stretch-out of the MRD; for example, a child’s creditor problems, a divorce, the disability of a child (including drugs or alcohol), severe fiscal mismanagement, etc.
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I did a simple will, power of attorney, and medical power of attorney with Peter Antonoplos, and could not have been happier. The process was easy and straightforward, while Peter and his team were paragons of professionalism.—Matt K.
I was referred to Antonoplos and Associates when I was suddenly confronted with a host of complex legal matters that needed resolution. The legal issues were far reaching, and included, but were not limited to, probate and real estate. Mr. Antonoplos is particularly skillful in analyzing a situation from every aspect, and then approaching in a strategic, calculated manner. I feel confident recommending Antonoplos and Associates to friends and family and would certainly use them again in the future.—Elyse
Peter and Valerie worked on my real estate case. Although the case was unfortunate they kept me in the know every step of the way. They are very personable. Whether I emailed or called I was helped. I would definitely use this firm again and I recommend them at the highest possible level.—S H
The Antonoplos firm handled work on my trust for me and did outstanding job. Friends recommended and I am very happy I chose them. They are great folks. Everyone I worked with was so nice and conscientious. I had put this off for years because I thought it would be difficult and a bunch of work, but they really made it easy. I thought it was a great value too. I will definitely work with them for anything I need in the future and recommend them to my friends.—Paula
Terrific real estate attorneys. Mr. Antonoplos and his team really know their stuff. My wife and I bought a house from a developer and right after settlement we experienced a bunch of problems with the construction and foundation of the house. We called Antonoplos & Associates and made an appointment for a Monday morning. We met we Mr. Antonoplos, who clearly knows this a area of the law and he explained our options to us. We filed suit and he kicked the other side's butt. We were really pleased with the attention his firm gave us, and how everyone on his team went above and beyond to make sure that we understood what was happening in our case and they were able to get us a very favorable settlement from the builder. I would definitely call these guys again if I had a real estate problem.—Edward
I am a real estate professional and have worked with several attorneys in various capacities. I have witnessed the law firm of Antonoplos & Associates deliver first rate results for their clients in matters concerning wills, probate, real estate, etc. I would highly recommend this firm to anyone seeking outstanding legal services.—Josh
Peter is a great estate planning resource. I am very comfortable referring my clients to him. His knowledge base and ability to understand the needs of my clients makes him a real value to me and to my clients. I am particularly impressed with his ability to communicate and educate people about complex legal issues in a simple and straight forward way. He is a wonderful resource and a true professional.
Peter is a pleasure to work with. He is a knowledgeable real estate attorney who has a good command of the issues facing his client. He was responsive to my questions and delivered as promised in a cost effective and timely manner. I would recommend Peter to friends and coworkers for their legal matters. He has handled several transactions for me with excellent results.
Peter is a fine lawyer, energetic and responsive. He has a good background and is familiar with many aspects of real estate law.
My experience with him was successful and I have recommended him to other clients before.
Peter is a rock solid lawyer with impressive knowledge of the law, enviable negotiating skills, and a confident attitude. His results speak for themselves: in a landlord-tenant dispute, he got us a settlement for 60 cents on the dollar and helped us avoid expensive litigation. We weren’t familiar with the relevant laws and procedures, and were pleased with how he explained the proceedings and advised us on our legal options. We would definitely go back, and would recommend his services to friends and business associates. He’s the kind of guy you want to have in your corner.
I called Mr. Antonoplos for help with two legal charges in different states (Maryland & Virginia.) He immediately started working and came up with a great plan. Thanks to his well thought out strategies, I am looking at a positive outcome in both court cases.—Client
I would highly recommend this attorney.
Peter is a great attorney. He took the time to meet with me to discuss my goals and objects and to understand my needs when it came to my estate plan. Peter really took the time to make sure that I understood all of the documents and make the process as quick and painless as possible.—Stephanie
Peter is the highest energy person I know. His zeal and expertise in a wide range of divergent legal topics is the best I have come across in all my years of working with top legal counsel. I retained Peter Antonoplos to guide my start-up small business, Linkedin Profile Service. I have a great respect for his legal capacity and attention to detail.