What happens to IRA when trust beneficiary dies?
Trust is beneficary of inherited IRA.
Current beneficiary dies in 2023
Next move is that trustee should satisfy 2023 RMD.
After that I assume there is no named beneficary- no successor beneficiary designated for inherited IRA or could that be done?
What happens to IRA after trust current beneficary passes?
Thanks
Jim
Permalink Submitted by Alan - IRA critic on Wed, 2023-03-29 17:04
The trust should have a remainder beneficiary named. Beneficiary RMDs already being made to the trust will continue after death of the trust’s beneficiary.