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Natalie Choate quoted in “New IRA Law Bewilders Investors”

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The Wall Street Journal
02.11.2009
Natalie Choate, a member of the firm’s Trusts and Estates practice, was quoted in “New IRA Law Bewilders Investors” in The Wall Street Journal on February 11. The article discusses a new law that suspends a requirement for 2009 that owners of individual retirement accounts and 401(k)s who are over the age of 70 ½ withdraw a minimum amount from the account. Natalie notes that if you are the beneficiary of a trust that holds an inherited IRA you could be at risk this year of not receiving anything if the trust instructs the trustee to pay you only the “required” IRA distribution. If you need to withdraw money, Natalie suggests seeing if the trust authorizes the trustee to pay you “additional amounts in the trustee’s discretion.”
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