Trust as an IRA beneficiary
Can someone help with this question. If I name my see through trust as my IRA beneficiary what happens to the remaining funds in the Ira if the beneficiary named in the see through trust dies before all of the money is withdrawn from the IRA. Who becomes the new beneficiary. I am to name a secondary beneficiary when I establish the trust? Thank you
Permalink Submitted by Alan - IRA critic on Sat, 2019-12-14 04:34
Yes, the trust should name remainder and/or successor beneficiaries in the trust document. And you need to decide what powers the trustee will have including whether or not the trust can be terminated.