Navigating the tax complexities of naming a trust or estate as IRA beneficiary is not for the faint of heart.
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IRA TAX PLANNING – TRUST OR ESTATE AS BENEFICIARY
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Tag Archives: ira custodian
WHEN TO NAME A TRUST AS IRA BENEFICIARY (Part 1 – Non-Tax Issues)
In limited circumstances it is prudent to name a trust as IRA beneficiary. The practice should be used sparingly, however, because it adds a layer of complexity and increases the administrative burden.
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FINE-TUNE YOUR IRA BENEFICIARY DESIGNATIONS…….
IRA beneficiary designations are commonly overlooked, but incredibly important. In general, a will does not affect the destination of IRA monies at death; instead, the beneficiary designation controls.
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