IRA left to a Trust
A client had a small IRA at a Credit Union and the beneficiary is their living trust. The husband died and the wife is the trustee of the trust. The CU is paying the IRA out to the trust, can she deposit it in her survivors trust and then write a check to her IRA and complete the spousal rollover?
Thanks,
Mark
Permalink Submitted by Alan Spross on Fri, 2008-06-13 04:13
Is she the only trust beneficiary, and what are the termination terms in the trust?