I’d appreciate your help with this situation. Client died in 2021, age 90; his wife who survives him still, was age 87 at his death. She is the sole beneficiary of a conduit trust; his children from a prior marriage are remainder beneficiaries. Client had both a Traditional IRA and a Roth IRA naming the trust as beneficiary. RMD in year of death was taken and paid through the trust to the SS. The issue is the RMD in subsequent years. Initial guidance we received was to use the Lifetime table as if the SS had been named as beneficiary and claimed it as her own – therefore the Uniform Lifetime Table, with the factor adjusting each year with her age – so 13.7 in 2022; 12.9 in 2023, etc. One of the remainder beneficiaries is monitoring the transactions in the account and challenging the factor used. He believes the factor should be 13.7 (for age 88 in 2022) minus 1 for each subsequent year. My own research on the subject has only muddied the waters – should we actually be using the Single Life Table instead? If so, should the factor by adjusted by age or be based on age 88 minus 1 each year. Any clarification you can provide would be very helpful.
Thank you!
Susan