Will there be tax consequences to a certain financial move in creating your new Living Trust? Most likely. Will Standard Legal offer any insight on such a topic? Never.
On our website and in our written materials, Standard Legal makes it crystal clear that the legal documents provided are done so for pro se use exclusively — and pro se means self-help / do-it-yourself.
We are clear that we cannot provide any specific advice to any user regarding any tax issue or legal issue.
In a pro se situation, YOU must make the decisions related to the funding your Living Trust. If you are not confident in the results of your decisions on such a matter, you should seek qualified legal advice instead. To find a local attorney for FREE to provide such legal advice, see Standard Legal’s Attorney Find page.
Standard Legal provides no directions in our documents or overviews regarding the transfer of an IRA to a Trust (nor any directions NOT to transfer an IRA to a Trust, for that matter), nor are there any statements indicating that transferring an IRA to a Trust would not produce a taxable event.
Standard Legal offers its users the tools needed to form a Living Trust, but we do not offer any tax or legal advice related to the decisions that must go into the use of such a tool.
For complete details, see Standard Legal’s Living Trust legal forms software page.