Many IRA owners withdraw funds from their IRA accounts for short-term purposes. The owner then uses subsequent income to restore funds to the IRA. If the restored contribution is made within sixty days of the withdrawal, the withdrawal may be tax-free.
Trustees should anticipate that beneficiaries’ inquiries and demands will intensify.
John L. McDonnell, Jr. named to Best Lawyers in America for 2020. Recognized for his professional abilities, John was nominated by leading lawyers in the Trusts & Estates practice in Northern California.
Congratulations to Ryan Szczepanik & Andrew Verriere who are recipients of the CCCBA Pro Bono Honor Roll.
