Trusts and Estates
Ca. Trs. & Estates Quarterly Volume 8, Issue 2, Summer 2002
Content
- Agatha Christie, Probate Litigator: Proving a Will Contest Through Circumstantial Evidence
- Subchapter J: the Proposed Section 643(B) Regulations, the Definition of Income and the Allocation of Capital Gains
- The Tax Aspects of the New Uniform Principal and Income Act
- MELLINGER, FONTANA & VALUATION LESSONS
- RETIREMENT PLANS ALERT: The IRS Issues Final Regulations on the Minimum Distribution Rules
RETIREMENT PLANS ALERT: The IRS Issues Final Regulations on the Minimum Distribution Rules
by Randolph B. Godshall, Esq.*
The IRS has now issued its final regulations on the minimum distribution rules applicable to qualified retirement plans and IRAs. The final regulations provide some important and generally taxpayer-friendly changes, clarifications and additions to the 2001 proposed regulations (which in turn had created a vastly simpler and better system than was provided under the old 1987 proposed regulations). This article will discuss the major changes made by the 2002 final regulations, with a focus on the rules applicable to IRAs.
The highlights of the 2002 final regulations are as follows: