The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: RMD before death?||Date: 10/13/2013 8:41 PM|
|Author: synchronicityII||Number: 119303 of 121772|
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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