My father passed away leaving my three brothers and myself two seperate annuities that list a family trust as the beneficiary.
These two annuities are both qualified and in the form of an ira and a TSA with a combined value of 70 thousand.
My question is - is there a way to take a lump sum distribution and avoid the high tax rate of a trust. My brothers and I are in the 0 - 15% bracket.
I am aware that the 5 year distribution would limit the tax exposure but am inquiring if you would know of an alternate approach.
Thank you for your consideration in this matter.