A qualified trust is the beneficiary of an IRA in which the decedent already reached the RBD. If there are multiple beneficiaries of the trust, whose life expectancy do you use when determining the RMD prior to year 10? Is it each trust beneficiary’s age? If so, would you be required to split up the trust beneficiary IRA into multiple accounts for each beneficiary of the trust?

The logistics of this process seem overwhelming! We used to take oldest beneficiary’s age, determine RMD and divide it up by the number of trust beneficiaries. The trust would then distribute the funds accordingly.