Can an IRA establish a trust with checking thus bypassing the LLC IRA : Solo 401k Educational Blog by MySolo401k.net
Phone: 800-489-7571
FAX: 925-262-2070
Investment Purchase Procedures
How to Blogs
Solo 401k Loan & Rollovers
HomeSolo401(k)PricingFAQThe ProcessSign UpContactAbout50 StatesP Transactions
solo 401kIRA LLC401k Business FinancingLoanPub 560ROBS MemoHarvard BLOGBusiness FinancingG

Invest your Solo 401k plan in: Real Estate, Private Stock, Lending, LLC, Gold & More!
Call us: 800-489-7571
or email: info@MySolo401k.net
Servicing all 50 States!
Also open on Saturday
401k B. FinanceIRA LLCSOLO 401K LOANTHE PROCESSCALCULATORBLOGPRIVACYCONTACTABOUTFORMS

Solo 401k Educational Blog by MySolo401k.net
Blog Disclosures: 
The information on this blog is for educational/informational purposes only and does not constitute, and should not be construed as, professional, legal or tax advice. To determine your individual tax situation and specific needs, please consult a professional tax advisor. MySolo401k.net does not provide investment or tax advice.

Information contained in these sections merely highlight some benefits. There are risks involved with all investments that could include tax penalties and risk/loss of principal.
Rollover Your IRA 
or  401k Today!

Can an IRA establish a trust with checking thus bypassing the LLC IRA

by Mark Nolan on 04/18/13

QUESTION: I read that an IRA can establish a trust with checking thus bypassing the LLC IRA arrangement. True or false?

ANSWER: I know that in the last year or so certain IRA facilitators have been promoting the trust concept whereby the self-directed IRA invests is a trust and thus is the sole member of the trust, but I don't think the trust concept has been tested by the regulations like the self-directed IRA LLC has. In other words, I don't know of any court cases that address a trust can be 100% owned by an IRA. On the other hand, the Swanson Court case supports the IRA LLC arrangement but not the trust arrangement.

Thanks,

Rick in CA

Comments (0)


Leave a comment


Open Solo 401k
 24 Hour Setup
Additional Information
Additional Information
Solo 401k Brokerage 
(checkbook)
Click Below to Learn How


Loading
Harvard Blog: ​visit our Harvard-Law attorney's blog. 

Harvard Law Business 401k BlogClick Here









Our Compliance Officer's Solo 401k BlogClick Here



30 Years of Experience at your Fingertips 
701 Palomar Airport Road #300, Carlsbad CA 92011
Copyright 2009 My Solo 401k:  Solo 401k.  All Rights Reserved
MySolo401k.net BBB Business Review