The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: taxes and trusts||Date: 3/28/2014 4:57 PM|
|Author: JAFO31||Number: 120619 of 122915|
ptheland: "The main issue with having a trust as the beneficiary of an IRA is that typically a trust must withdraw the entire IRA balance within 5 years of the owner's death. It does not have the option to spread IRA withdrawals out over a lifetime.
I believe there are ways around this limitation, but I'm far from certain of that. I am certain that I don't know how to accomplish that within a trust and I am also certain that I don't know any potential pitfalls of setting up a trust to spread IRA distributions out over a trust beneficiaries' lifetime (assuming that it IS possible to do so)."
Not vouching for any of the following, but upon cursory review they seemed ok:
more if you google: IRA beneificiary qualified trust
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