Roth IRA Beneficiary
If I name my revocable living trust as my Roth IRA beneficiary, does that preclude the trust’s beneficiaries from stretching withdrawals over their lifetimes after my death. I am 71 years old.
If I name my revocable living trust as my Roth IRA beneficiary, does that preclude the trust’s beneficiaries from stretching withdrawals over their lifetimes after my death. I am 71 years old.
Permalink Submitted by Alan - IRA critic on Mon, 2015-10-19 03:43
Not if the trust is qualified for look through treatment. If so qualified, RMDs are based on the age of the OLDEST trust beneficiary. If not qualified, the 5 year rule will apply. There is a notification requirement deadline for the trustee of the trust to meet in order for the trust to be qualified as well as other requirements listed on p. 12 of IRS Pub 590 B.