[Lnc-business] Suing the FEC...again

[Robert Kraus]

In reply to the below question, the bequest was set up in a 3rd party trust which placed the funds in interest earning cd's with varying due dates to correspond with the payout schedule. The trust then distributed the appropriate amount in Jan of each year until the funds ran out. 

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Robert

Robert S. Kraus - Dir of Operations
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-----Original Message-----
From: Lnc-business [mailto:lnc-business-bounces at hq.lp.org] On Behalf Of Nicholas Sarwark
Sent: Tuesday, November 11, 2014 12:04 PM
To: lnc-business at hq.lp.org
Subject: Re: [Lnc-business] Suing the FEC...again

On Tue, Nov 11, 2014 at 9:54 AM, Sam Goldstein
<goldsteinatlarge at gmail.com> wrote:
> Do we need this money in a lump sum now or can we just treat the future
> annual contributions from the bequest as an annuity?

We can always use the money sooner rather than later, but as a
bequest, it's not money we planned on having.

In the absence of any change in the law, the money would be disbursed
from escrow in amounts not to exceed the annual contribution limits
until it was paid out in full.

 In the prior case did
> the bequest earn interest while we were waiting for it and did we receive
> the interest?

I'll defer to Wes Benedict or Robert Kraus on that answer, though I
think how the money is escrowed and disbursed is up to the executor of
the estate.

-Nick

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