Comments on: Naming a Trust as Beneficiary of an IRA http://www.myjourneytomillions.com/articles/naming-a-trust-as-beneficiary-of-an-ira/ Elite Personal Finance and Estate Planning Information for Everyone Thu, 09 Feb 2012 20:43:01 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Evan http://www.myjourneytomillions.com/articles/naming-a-trust-as-beneficiary-of-an-ira/comment-page-1/#comment-68551 Evan Tue, 27 Sep 2011 21:25:40 +0000 http://www.myjourneytomillions.com/?p=153#comment-68551 Like my kid is going to ignore the word "Minimum" in Required MINIMUM Distribution?! Like my kid is going to ignore the word “Minimum” in Required MINIMUM Distribution?!

]]> By: Joe Arsenault http://www.myjourneytomillions.com/articles/naming-a-trust-as-beneficiary-of-an-ira/comment-page-1/#comment-68546 Joe Arsenault Tue, 27 Sep 2011 21:04:45 +0000 http://www.myjourneytomillions.com/?p=153#comment-68546 Retirement accounts are PODs. With a legitimate beneficiary option they don't go through probate. Normally a trust will only be used a beneficiary if their is a specific, separate reason. Retirement accounts are PODs. With a legitimate beneficiary option they don’t go through probate. Normally a trust will only be used a beneficiary if their is a specific, separate reason.

]]> By: Evan http://www.myjourneytomillions.com/articles/naming-a-trust-as-beneficiary-of-an-ira/comment-page-1/#comment-60887 Evan Mon, 24 Jan 2011 15:25:01 +0000 http://www.myjourneytomillions.com/?p=153#comment-60887 K, I am not your attorney so I can't provide any legal advice - I will defer to your Legal Counsel. Notwithstanding, your situation as presented is a bit confusing. If it is after your demise (death) whose medical expenses would you be paying? K,

I am not your attorney so I can’t provide any legal advice – I will defer to your Legal Counsel.

Notwithstanding, your situation as presented is a bit confusing. If it is after your demise (death) whose medical expenses would you be paying?

]]> By: K. Bowen http://www.myjourneytomillions.com/articles/naming-a-trust-as-beneficiary-of-an-ira/comment-page-1/#comment-60661 K. Bowen Fri, 21 Jan 2011 17:09:13 +0000 http://www.myjourneytomillions.com/?p=153#comment-60661 Advice, please. I need to designate a second beneficiary on my IRA's and Roth's. I would like to designate our family trust as the second beneficiary as we have no children and would like money available to pay any medical expenses after my demise. I'm not worried about taxes at that point. Is this ok for my situation? Advice, please. I need to designate a second beneficiary on my IRA’s and Roth’s. I would like to designate our family trust as the second beneficiary as we have no children and would like money available to pay any medical expenses after my demise. I’m not worried about taxes at that point. Is this ok for my situation?

]]> By: Evan http://www.myjourneytomillions.com/articles/naming-a-trust-as-beneficiary-of-an-ira/comment-page-1/#comment-6233 Evan Fri, 18 Dec 2009 16:19:15 +0000 http://www.myjourneytomillions.com/?p=153#comment-6233 It is a GREAT option, but an advanced one so make sure you work with a very good attorney that is used to this kind of work It is a GREAT option, but an advanced one so make sure you work with a very good attorney that is used to this kind of work

]]> By: Richard http://www.myjourneytomillions.com/articles/naming-a-trust-as-beneficiary-of-an-ira/comment-page-1/#comment-6229 Richard Fri, 18 Dec 2009 14:26:31 +0000 http://www.myjourneytomillions.com/?p=153#comment-6229 Thank you for this solid explanation. Many are confused about what happens with an IRA when they die. Of course, you don't to incentivize anyone to "off" you, so the solution that you present is very good. Thx! Thank you for this solid explanation. Many are confused about what happens with an IRA when they die. Of course, you don’t to incentivize anyone to “off” you, so the solution that you present is very good. Thx!

]]> By: The 2009 Personal Finance “How to” Roundup | AllFinancialMatters http://www.myjourneytomillions.com/articles/naming-a-trust-as-beneficiary-of-an-ira/comment-page-1/#comment-3996 The 2009 Personal Finance “How to” Roundup | AllFinancialMatters Mon, 06 Jul 2009 18:29:46 +0000 http://www.myjourneytomillions.com/?p=153#comment-3996 [...] 1. How To Name a Trust as a Beneficiary [...] [...] 1. How To Name a Trust as a Beneficiary [...]

]]> By: Inheriting IRA with Living Revocable Trust | My Journey to Millions http://www.myjourneytomillions.com/articles/naming-a-trust-as-beneficiary-of-an-ira/comment-page-1/#comment-3315 Inheriting IRA with Living Revocable Trust | My Journey to Millions Tue, 16 Jun 2009 15:08:16 +0000 http://www.myjourneytomillions.com/?p=153#comment-3315 [...] Most of these questions seem to arise from my post “Naming a Trust as Beneficiary of an IRA.” [...] [...] Most of these questions seem to arise from my post “Naming a Trust as Beneficiary of an IRA.” [...]

]]> By: Verify your Retirement Account's Beneficiary | My Journey to Millions http://www.myjourneytomillions.com/articles/naming-a-trust-as-beneficiary-of-an-ira/comment-page-1/#comment-834 Verify your Retirement Account's Beneficiary | My Journey to Millions Fri, 27 Feb 2009 06:06:27 +0000 http://www.myjourneytomillions.com/?p=153#comment-834 [...] you want further protection than just naming a person I had previously written a great post on naming trusts as a beneficiary - you may want to check it [...] [...] you want further protection than just naming a person I had previously written a great post on naming trusts as a beneficiary – you may want to check it [...]

]]> By: Did you forget your RMD this Year? All may not be Lost | My Journey to Millions http://www.myjourneytomillions.com/articles/naming-a-trust-as-beneficiary-of-an-ira/comment-page-1/#comment-576 Did you forget your RMD this Year? All may not be Lost | My Journey to Millions Thu, 15 Jan 2009 05:29:41 +0000 http://www.myjourneytomillions.com/?p=153#comment-576 [...] by an attorney 10 years ago with a trust not meant to be the beneficiary of a qualifed account (More information about protecting qualified Accounts with Trusts CORRECTLY) and a deceased husband leaving a confused Widow and an angry [...] [...] by an attorney 10 years ago with a trust not meant to be the beneficiary of a qualifed account (More information about protecting qualified Accounts with Trusts CORRECTLY) and a deceased husband leaving a confused Widow and an angry [...]

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