Living trust as IRA secondary beneficiary

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Subject Author Date Living trust as IRA secondary beneficiary Ken 10-02-2009  Re: Living trust as IRA secondary beneficiary Dave 10-02-2009  Re: Living trust as IRA secondary beneficiary PeterL 10-03-2009  Re: Living trust as IRA secondary beneficiary Dave 10-03-2009  Re: Living trust as IRA secondary beneficiary pomegranate-man 10-04-2009  Re: Living trust as IRA secondary beneficiary Cam 10-05-2009  Re: Living trust as IRA secondary beneficiary PeterL 10-06-2009  Re: Living trust as IRA secondary beneficiary Cam 10-07-2009  Stretch IRAs (Re: Living trust as IRA secondary be... BreadWithSpam 10-08-2009
Posted by Ken on October 2, 2009, 12:01 pm My wife and I have a joint living trust. May I name this joint trust as secondary beneficiary of my IRA? Posted by Dave on October 2, 2009, 12:25 pm > My wife and I have a joint living trust. May I name this joint trust > as secondary beneficiary of my IRA? That's what we've done. Spouse first, then children, then trust. Dave Posted by PeterL on October 3, 2009, 1:27 am > > > My wife and I have a joint living trust. May I name this joint trust > > as secondary beneficiary of my IRA? > > That's what we've done. Spouse first, then children, then trust. > > Dave Can a trust own an IRA? I thought an IRA can only be owned by an individual. Posted by Dave on October 3, 2009, 12:11 pm > > > > > My wife and I have a joint living trust. May I name this joint trust > > > as secondary beneficiary of my IRA? > > > That's what we've done. Spouse first, then children, then trust. > > > Dave > > Can a trust own an IRA?  I thought an IRA can only be owned by an > individual. A trust cannot own an IRA, but a trust can be a beneficiary of an IRA. If the trust inherits the IRA, then the IRA would have to be distributed. But that occurs only when all of the named human beneficiaries are deceased. Dave Posted by pomegranate-man on October 4, 2009, 5:32 pm >>>> My wife and I have a joint living trust. May I name this joint trust >>>> as secondary beneficiary of my IRA? >>> That's what we've done. Spouse first, then children, then trust. >> Can a trust own an IRA?  I thought an IRA can only be owned by an >> individual. > A trust cannot own an IRA, but a trust can be a beneficiary of an IRA. > If the trust inherits the IRA, then the IRA would have to be > distributed. But that occurs only when all of the named human > beneficiaries are deceased. So instead of the trust, could one name the grandchildren? The motivation would be to keep the funds in an IRA as long as possible, deferring taxes. Similar Threads Posted What are the advantages and disadvantages of a Living Trust compared to a will? May 12, 2010, 9:15 am IRA Beneficiary November 30, 2007, 5:26 am US Living Standard January 2, 2007, 11:37 am Non-spouse 401(k) beneficiary May 16, 2007, 9:24 pm RLT as Roth beneficiary? February 21, 2010, 9:46 pm Planning for assisted living January 14, 2007, 10:39 am IRA accounts and living trusts February 24, 2009, 11:17 am tax consequences for changing 529 beneficiary October 29, 2006, 10:00 am Minor child as beneficiary November 6, 2006, 5:14 pm Pension: Spouse/beneficiary February 13, 2007, 4:56 am