Should a Trust be Named as Beneficiary?
John and Jane have a son with limited mental capacity. They have a testamentary trust to provide for him after their deaths. Assuming the trust qualifies as a see-through trust, should we specifically name the trust as the contingent beneficiary?
Permalink Submitted by Bruce Steiner on Mon, 2016-05-16 21:16
Yes, to the extent they want to provide for him. See my article on this subject in the March 2004 issue of BNA Tax Management’s Estates, Gifts & Trusts Journal: http://www.elderlawanswers.com/Documents/Trusts%20as%20Beneficiaries%20of%20Retirement%20Benefits.pdf.
Permalink Submitted by Bob Foland on Mon, 2016-05-16 21:30
Is there another way to see the article you cited? The web page says that it has been moved.
Permalink Submitted by Bruce Steiner on Tue, 2016-05-17 02:33
Here is another link: http://kkwc.com/wp-content/uploads/2015/04/AR20041209132954.pdf.