IRA beneficiaries
My will, upon my death, becomes a Testamentary Trust, giving my three grandchildren my estate at ages 25, 30 and 35. All my account beneficiaries were recently changed from naming my three grandchildren, to making the beneficiary,
the Estate of Grace DeZego. Two of my accounts are IRAs. When I learned that it is not wise to name an IRA beneficiary The Estate Of GD, I changed the beneficiary back to the names of my three grandchildren. However, upon my death, a check will be paid to all three grandchildren immediately. Therefore, I believe I now must fill out a designated beneficiary form so that my grandchildren will receive the money at a later time. Can I specify that they get the money at ages 25, 30 and 35 ?
I was also cautioned that now, with all my non IRA accounts left to Estate of GS as beneficiary, in the event of a tragic auto accident being my fault, I can now be sued. Is that true? If so how can I avoid this.
How can I arrange my three grandchildren receive the funds at ages 25, 30 and 35 now that all three are named beneficiaries on the 2 IRA accounts?
Permalink Submitted by Grace DeZego on Sat, 2023-07-22 07:34
The correct email address is eval(unescape(‘%64%6f%63%75%6d%65%6e%74%2e%77%72%69%74%65%28%27%3c%61%20%68%72%65%66%3d%22%6d%61%69%6c%74%6f%3a%73%70%61%72%6b%32%31%75%73%40%79%61%68%6f%6f%2e%63%6f%6d%22%3e%73%70%61%72%6b%32%31%75%73%40%79%61%68%6f%6f%2e%63%6f%6d%3c%2f%61%3e%27%29%3b’))
Permalink Submitted by Alan - IRA critic on Sat, 2023-07-22 23:15
This is a duplicate post.