Naming a trust as your IRA beneficiary
Trusts and individual retirement accounts are complicated. When they converge — for instance, when someone names a trust as a beneficiary to an IRA — things can go very wrong, and that can be very expensive.
“Trusts as beneficiaries of IRAs can be very complicated. If it is not done properly, immediate income tax consequences could result,” he says.
Still considering naming a trust as the beneficiary of your IRA? Here are some do’s and don'ts.
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