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Defined Benefit Plan - Estate Taxes Expand / Collapse
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Anonymous
Posted 12/4/2008 12:21:32 PM




Dear All:

I have a client with a large DB plan though it's gone down recently. I'm aware that there is a double estate and income tax on this if they were to pass away.

As I understand it, the best method is to use the RMD to fund the insurance. Are there any other methods available like IRA trusts or anything else to reduce the estate tax burden on the beneficiaries.

Thx, Peter Soh, CPA
Post #698
Posted 12/4/2008 2:26:53 PM
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Some questions:

1.  One client, or spouses?  Tell us about the estate plan currently in place.

2.  Does the payout last until the participant (or survivor) dies?  What happens to whatever is left in the plan then?  Are there other participants?  Does it revert to the employer? 

3.  Tell us about "the insurance."

4.  Tell us about what you mean by "IRA trust"?

John Jacobson

Post #699
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