Inherited IRA with remainder beneficiary as Trust
Here is the situation and need some imput:
1.)Inherited IRA (non spousal beni)is established
2.)Remainder Beneficiary of the Inherited IRA is a Trust that satisfies the “look through” rule.
3.) Trust Benificary is one individual
A.) What method is used to calculate the RMD for the Trust Beneficiary when the Inherited IRA owner dies?
Remember: The individual beneficiary of the Trust is the Remainder beneficiary of
an Inherited IRA.
Does the remainder beni (Trust benificiary) have to continue at the same rate as the Inherited owner as the inherited owner is taking dist currently.
Permalink Submitted by Alan - IRA critic on Fri, 2013-12-20 20:05
Since this is a non spouse inherited IRA, the RMD schedule that applies to the current beneficiary will continue to apply to the successor beneficiary, whether the successor beneficiary is an individual, estate, trust qualified for look through, or trust not so qualified.
Permalink Submitted by C Loveday on Fri, 2013-12-20 20:13
Thank you very much! Merry Christmas & Happy New Year.