Trusts as the Beneficiary and Inherited IRAs: Today’s Slott Report Mailbag

QUESTION:

Hello,

I’m working with a retired client who has a sizable IRA. He set up a trust and named it as the beneficiary of the IRA, assuming that the trust would reduce or eliminate the income tax liability. Is this the case? Also, does a trust circumvent the 10-year rule?

Thanks!