ROTH IRA
i have ROTH IRA can i use lifetime estate fedaral tax exumption and transfer to trust for benefit of adult child? will it grow tax free?
i have ROTH IRA can i use lifetime estate fedaral tax exumption and transfer to trust for benefit of adult child? will it grow tax free?
Permalink Submitted by Alan - IRA critic on Mon, 2021-03-15 23:07
It will grow tax free, but you cannot transfer an IRA out of your name while you are alive (except in a divorce settlement). You would have to make the trust the beneficiary of your Roth IRA, but the Roth would still be in your estate at the time of your death.