RMD for Trust Beneficiary
I have a client that died last year at age 62, naming a qualified trust for his mother as the beneficiary of both his Traditional and Roth IRAs. Would these accounts distribute over 5 years or can I pay the RMD over the non-recalculated single life expectancy of the mother?
Permalink Submitted by mk foss on Wed, 2012-10-03 16:47
Life expectancy is the default for a qualifying trust. You’d use 5 years if the beneficiary was an estate or a trust that didn’t qualify.