![\"Michigan](\"http:\/\/www.theeldercarefirm.com\/wp-content\/uploads\/2014\/11\/shutterstock_162656312.jpg\")
<\/a>A Michigan Retirement Plan Trust<\/a>\u00a0is a specially designed, cutting edge estate planning tool, that may be used as the beneficiary of an IRA or other type of qualified account. \u00a0It’s a form of stand-alone trust, separate from a revocable living trust. \u00a0The Retirement Plan Trust<\/a> (RPT) allows you to maximize income tax deferral and wealth accumulation while also building in an unprecedented level of asset protection.<\/p>\nFor Michigan clients who have retirement accounts greater than $150,000, a Retirement Plan Trust makes a lot of sense for a variety of reasons.<\/p>\n
Forced Stretch Out of Required Minimum Distributions (RMDs)<\/h1>\n
Thanks to the 2004, Private Letter Ruling, through a Retirement Plan Trust, your loved ones can now “stretch out” their taxable required minimum distributions (RMDs) over their lifetime, while maintaining all the benefits of a trust if a Retirement Plan Trust is named as a beneficiary. \u00a0Too often in the past, beneficiaries were named outright to (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A Michigan Retirement Plan Trust\u00a0is a specially designed, cutting edge estate planning tool, that may be used as the beneficiary of an IRA or other type of qualified account. \u00a0It’s a form of stand-alone trust, separate from a revocable living…<\/span><\/p>\n