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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Re: IRAs and trusts Date: 12/26/2000 4:43 PM
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Greetings, Lujon, and welcome. You asked:

Just had a note from my lawyer (expensive, too} in which he finally caught up with the fact that some IRA custodians won't divest to a trust upon death of the owner but an individual must be named. My IRA custodian advised me about six months ago of this. Now the question becomes, how are the funds in an IRA go into a trust. This becomes more interesting when the MRD has begun. My man has no answer at the moment. Does anyone?

If the IRA agreement doesn't allow a trust as beneficiary (it doesn't have to do so), then your only way to get the assets into that trust is to move your IRA to one that does.

Regards..Pixy
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