minor beneficiaries

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date minor beneficiaries nesss01 12-11-2007
Posted by on December 11, 2007, 2:30 pm Hi, This question is being triggered because Fidelity does not seem to allow a testamentary trust to be a beneficiary of an IRA or brokerage account. If my wife and I both die, and the will sets up a testamentary trust for our minor children; and the children themselves (not the trust) are contingent beneficiaries of an IRA, will the IRA be automatically folded into the trust? Additionally, would the answer be the same for life insurance? 401ks? 529 plans? Thanks Similar Threads Posted Minor child as beneficiary November 6, 2006, 5:14 pm Change in IRA rules for non-spouse beneficiaries? October 23, 2006, 7:18 pm