Permalink Submitted by Alan - IRA critic on Mon, 2018-05-28 15:53
An IRA account can only be owned by an individual, but upon owner’s death can be left to an individual, individual per stirpes, individual per capita, estate, trusts of various kinds, charity, or other entity. However, the beneficiary clause of the IRA custodian can restrict the use of certain of these beneficiary options. The individual owner of an IRA cannot be changed while the owner is living except through transfer incident to divorce.
Permalink Submitted by Alan - IRA critic on Mon, 2018-05-28 15:53
An IRA account can only be owned by an individual, but upon owner’s death can be left to an individual, individual per stirpes, individual per capita, estate, trusts of various kinds, charity, or other entity. However, the beneficiary clause of the IRA custodian can restrict the use of certain of these beneficiary options. The individual owner of an IRA cannot be changed while the owner is living except through transfer incident to divorce.