EFTA02351682.pdf

From: Ada Clapp Sent: Monday, September 15, 2014 5:25 PM To: Jeffrey E. Subject: Roth IRA question I have not yet heard back from my former colleague a= US Trust. I will also ask him about a Trusteed Roth IRA (with=the thought that the borrower's Roth IRA be converted to a Trusteed =oth IRA). I have not done one of these but my understanding is=that it works like a trust after the IRA owner dies or becomes incompetent= With the Trusteed IRA, I believe it is possible for the IRA owner t= name you as a beneficiary for the outstanding amount of the loan after his death. This would at least give you &nb=p;some protection if he dies (or becomes incapacitated) before he reaches =ge 59.1/2 and has met the 5-year requirement. Perhaps the Trust Agre=ment could even be drafted to mandate distributions to you of the amount loaned once the IRA owner has reached age 59-1/2 and =et the 5-year requirement. I know Merrill Lynch does these so my for=er colleague may know. Ada Clapp Elysium Management LLC 445 Park Avenue Suite 1401 New York, New York 10022 This communication and any attachment is for the =ntended recipient(s) only and may contain information that is privileged, =onfidential and/or proprietary. If you are not the intended reci=ient, you are hereby notified that further dissemination of this communication and its attachments is prohibited.&nbs=; Please delete all copies of this communication and its attachments and n=tify me immediately that you have received them in error. Thank you.=nbsp; EFTA_R1_01330238 EFTA02351682