Florida Wills & Trusts: April 2000 Summary

Revenue Ruling 2000-2

The optional language on required distributions from retirement plans for which the Marital Trust is a beneficiary has been modified to conform with Revenue Ruling 2000-2 (Jan. 18, 2000), which nullified Revenue Ruling 89-89. Under the new ruling, the excess of the IRA income over the required minimum distribution must only be subject to the surviving spouse's right to demand distribution (rather than actually distributed to the trustees).