UNCLES IRA
My clients Uncle put his IRA into a Trust.
He died last year, are the RMDs for the Trust based upon the beneficiary’s lifetime, who is his wife or the 10-year requirement?
Thanks
My clients Uncle put his IRA into a Trust.
He died last year, are the RMDs for the Trust based upon the beneficiary’s lifetime, who is his wife or the 10-year requirement?
Thanks
Permalink Submitted by Alan - IRA critic on Thu, 2024-10-24 12:22
It depends on whether the trust is qualified for look through (most are), whether he passed before or after his RBD, and whether the trust is a conduit trust or accumulation trust. If an accumulation trust that is qualified, most likely the 10 year rule will apply.