Trust Funding
The decedent had created a revocable trust and transferred to it the assets listed on “Schedule A” which listed an IRA and a brokerage account.
Affirming the lower court, the Ohio intermediate appellate court held that both assets were trust property, the assignment being sufficient to end the beneficiary designation under the IRA agreement.
Stephenson v. Stephenson, 836 N.E.2d 628 (Ohio Ct. App. 2005).
Special thanks to Rita and Joseph Solomon Prof. William P. LaPiana of the New York Law School for contributing this case.