Trust as beneficiary of IRA
If a trust is named as beneficiary of an IRA and all of the conditions are met for a look through trust, does the spouse (beneficiary of trust) have the option to delay RMD until the decedent spouse would have been 70 1/2 or do they have to start by 12/31 of year following death?
Permalink Submitted by Alan Spross on Wed, 2007-09-12 22:01
RMDs must start by 12/31 following year of death. The look through benefit only allows an individual life expectancy to apply to RMDs to the trust. The deferral of RMDs to the year the owner would reach 70.5 only applies if the spouse is the sole beneficiary of the IRA, not a trust beneficiary.
Permalink Submitted by [email protected] on Thu, 2007-09-13 13:04
That’s what I thought, thanks for info.