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Author: glopro Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19021  
Subject: living trust Date: 1/17/2000 9:58 AM
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I have a living trust but my IRA is not trusted. Will it be probated?
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Author: TwoCybers Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 1614 of 19021
Subject: Re: living trust Date: 1/17/2000 10:11 AM
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glopro wrote: I have a living trust but my IRA is not trusted. Will it be probated?

I believe if you specify a benificary with your IRA orther then your estate, fund in your IRA will go to that benificary without probate. However, those funds are subject to income tax (assuming a regular IRA).

In my experience both mutual funds and brokers have required the naming of a benificary for IRA accounts, so you might want to check with your IRA administrator.

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