QTIP and beneficiary RMDs
The primary beneficiary of my Traditional IRA will my wife and it will be inside a QTIP. She will name my 2 sons as her beneficiaries. Once she passes and the IRA is split into separate IRAs between the 2 boys, will the RMD schedule be based on their ages or my wife’s age ?
Mike
Permalink Submitted by Alan - IRA critic on Mon, 2019-03-04 18:54
They will have to continue the RMD schedule your wife was using as the oldest trust beneficiary.
Permalink Submitted by Bruce Steiner on Tue, 2019-03-05 23:09
If it’s feasible given your assets you might instead leave some of your IRA to your wife outright and some to or in trust for your sons, or the IRA to or in trust for your sons and other assets in trust for your wife.