The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: RMD before death? Date:  10/13/2013  8:41 PM
Author:  synchronicityII Number:  119303 of 127616

The problem with having other than "natural persons" names as IRA beneficiaries is that the entire account must be distributed within 5 years after death of the owner.

Not always, it depends on the specifics of the trust. However...

Going over all this with a tax advisor is an excellent idea.

Yes, can't agree more. Specifically with someone well-versed in trust and estate issues. IRAs going into one or more trusts is an area fraught with the potential for problems.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us