WebJan 17, 2024 · Friday, January 17, 2024. A common estate planning technique for clients with substantial retirement plan assets is to name a trust as the beneficiary of those assets. Trusts holding an inherited ... Let us say a parent died in December 2024 at age 72 with a $1 million IRA; her 3 children, ages 47, 43, and 40, were named as beneficiaries. In the first year after inheriting the IRA, each child, inheriting 1/3 of the account, will be required to withdraw as the RMD approximately $9,000, $8,200, and $7,650, … See more Although the SECURE Act 1.0 helped improve retirement security for many Americans, it took away the ability for many beneficiaries to … See more Why would an IRA owner leave retirement assets to a trust rather than outright to a beneficiary? The IRA owner may be concerned that the … See more Over the years, conduit and accumulation trusts have been used to defer income tax payments from retirement accounts. However, this benefit … See more Pre-SECURE Act 1.0, a trust needed to meet "see-through" requirements to ensure that as a beneficiary, the trust would qualify for life expectancy stretch provisions. There are … See more

Qualifying A "See-Through" Trust As An IRA Beneficiary

WebThe beneficiaries of the trust who are beneficiaries with respect to the trust's interest in the owner's benefit are identifiable from the trust instrument. The trustee of the trust provides the IRA custodian or trustee … WebSome good reasons to consider naming a trust as an IRA beneficiary instead of an individual include: Working around beneficiary ownership limitations. Perhaps the intended … fish under the water

Choosing Your IRA Beneficiary—Spouse, Kids, or Trust? - The …

Apr 11, 2024 · WebApr 9, 2024 · If a trust is the beneficiary of an IRA can we “see-through” the trust to the beneficiaries? Answer: Yes, depending if the trust meets certain requirements we can look through the trust and use the beneficiaries as inherited IRA owners.-----Learn more about Deborah Crawford’s IRA Operations Update 2024 webinar. print email share ... WebAn Inherited IRA is an individual retirement account that you open after inheriting a tax-advantaged retirement account. A loved one in your life would have opened and contributed to an IRA, such as a private IRA or employer-sponsored retirement plan such as a 401 (k), and named you as their designated beneficiary. fish underwater painting