Individual retirement trusts make it possible for individuals to avoid the involved IRS Code requirements need to identify a trust as your IRA beneficiary. Through an individual retirement trust, you’re getting the tax benefits of an IRA along with the enhanced control that a trust offers. This way, you can start saving for retirement at the same time you’re optimizing your tax incentives.

It also makes sure that an individual’s IRA savings are allotted according to his or her wishes. If you’re interested in setting up an individual retirement trust, feel free to reach out to Lacy Financial to learn more about the advantages and how you can go about setting it up.