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Are Trust Protectors Fiduciaries?

While trustees are held to fiduciary standards, not all trust protectors are regarded as fiduciaries. Whether a trust protector is considered to be a fiduciary hinges upon two factors – the terms of the trust and state law.
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Caveat to Taxation of Inherited IRA Distributions

Distributions from an inherited IRA generally are taxable in the year the distributions occur. Internal Revenue Code 402(c) provides for an exception: Distributions rolled over to a separate retirement plan established for the beneficiary. However, there is a caveat to this exception.
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