WORDING OF TRUST BENEFICIARY IN AN IRA

Submitted by William Bailey on Mon, 2018-10-15 18:02

I recently received an IRA beneficiary form that the attorney prepared showing the trust as a primary beneficiary -60% and the owner son a 40% primary beneficiary.
I have two questions:

Is this wording correct—– Trustee of Bill Smith Living Trust dated October 1, 2018

Can the son participate in a stretch IRA of his share of this IRA or does he have to have a separate IRA with no trust beneficiary?



Submitted by Bruce Steiner on Mon, 2018-10-15 21:22

  • The more important issue is why the IRA owner wants to run 60% through a revocable trust instead of leaving the 60% to or in trust for the beneficiaries of the revocable trust.
  • What happens to the 40% if the son predeceases the IRA owner?
  • What is your connection to this?
  • Bruce Steiner

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