Spousal rollover through a Trust
Decedent named his Living Trust as beneficiary of his IRA. Sole current beneficiary of the Trust is Decedent’s spouse. Can we effect a spousal rollover of Decedent’s IRA funds to spouse’s existing IRA? If so, what is the process for doing that?
Permalink Submitted by Bruce Steiner on Wed, 2013-08-28 19:47
Yes. See my article on this subject in the October 1997 issue of Estate Planning: http://www.kkwc.com/docs/AR20050125164755.pdf.You’ll have to satisfy the financial institution that it’s permissible, or get a private letter ruling, or do it and run the risk of audit. We’ve obtained private letter rulings in similar situations.