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Financial Planning / Tax Strategies


Subject:  Re: RMD before death? Date:  10/13/2013  8:41 PM
Author:  synchronicityII Number:  119303 of 124818

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.

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