If you want to purchase the investment for the deal you have in mind with your IRA, you would have to open a self-directed SEP IRA with an IRS-approved third party administrator.

The lawyer we are going to hire is the president of the BAR in Belize so hopefully we get proper legal representation that will survive administrations..

The quesation was not how old must you be to have a SDIRA, it asked how old do you have to be to OPEN a SDIRA, clearly, to open any financial account in your name or in that of others, you must meet the statue of frauds, have the capacity to contract and unless emancipated under state law, and even then the administrator/trustee may not recognize the emancipation issues, you will need to be 18 years of age.

It's her job to make sure that everyone else does their job.I pay her a flat fee of $350 per closing and her title is administrative assistant.

The latter is actually better, but you will need some sort of business (it can be a very small business, so anyone can meet this criteria with minimal effort).Cost - both can be set up for $400-600 one-time fee plus ~ $150/yr administrative costs.

And yes I have done the partnership aspect and it passed the plan administrator's review as well.

What this means to you is that you don't have to be subjected to the additional cost and administration of an LLC in order to have checkbook control.

This is also a good time to keep an eye out for lease violations and to reinforce the terms of the existing rental agreement.Also, if you want to charge an administrative fee for your time and effort in doing the paperwork and coordinating a move-out/move-in, then do so.

Just saying.In an estate sale, whoever was appointed the administrator or personal representative should set up a bank account for the estate.

Check with your plan administrator.