We have a Beneficiary IRA that is in the name of the trust….there are 5 beneficiaries of the trust (1 is deceased). The owner of the trust was 76 at the time of her death on 1/3/11…the RMD for 2010 Year End value was not taken. I will calculate the RMD for 2011 under the owner’s life expectancy of 22.0 and if I am understanding this correctly, beginning 2012 the RMD will be based off of the oldest trust beneficiary and decrease by 1 each year after. What happens if the oldest trust beneficiary would pass away, do we continue to calculate the RMD’s under her calculations or do we adjust using the next oldest birth date?