Is 401k Rollover IRA Taxed In Estate?
Today I met with an Elder Attorney and he wants to set me up with a Living Trust, one designed by him, and he wants it to include my condo, savings account and my IRA CD. He stated that there would be no taxes charged to the Trust or my benefactors upon my death.
However, I cannot understand how a Trust can keep taxes from being incurred on the IRA which was a rollover 401K that taxes have not been paid on yet. The amount is $100,000. He just said that was the way it was designed.
It is correct?