Jimmy B
May 16 2001, 04:28 PM
Here is my situation: I have a client who has sold his business and wants to terminate his Profit Sharing Plan. Ten years ago, his father passed away and he has been receiving minimum distributions along with his brothers ever since. There is still a significant amount of money in the father's account. What other options are available besides a taxable distribution of the account to the three sons? Any info will be GREATLY appreciated.