Minor Beneficiary
If someone wants to leave their IRA to a minor grandchild who is only 2 years old and stretch it to her life expectancy, what is the best way to name a beneficiary. If he names the grandchild, how can he make sure that it is set up properly after he passes away? What if he sets up a trust for the grandchild and names the trust as the beneficiary? I’d appreciate a reply. Thanks,
Submitted by Alam Mustafa on Wed, 2008-08-27 18:28