C Scott
Oct 25 1999, 02:15 PM
Are the rules for making a trust a designated beneficiary for a Roth IRA the same as the rules for a traditional IRA under Prop Regs 1.401(a)(9)? Can a revocable living trust serve as a beneficiary?
dsilver
Oct 25 1999, 03:16 PM
It seems to me it's still an IRA so the rules might apply until something else comes out.
Bruce Steiner
Oct 26 1999, 12:26 AM
There are lots of complexities (many of which have required PLRs) to having a revocable trust as beneficiary? Why do you want to name a revocable trust as beneficiary? (Is there some special reason you need or want a revocable trust in the first place? Revocable trusts do not save taxes, and in most cases they do not significantly reduce estate administration expenses.)
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Bruce Steiner, attorney
(212) 986-6000 (NY office)
(201) 862-1080 (NJ office)
also admitted in FL
Bruce Steiner
Oct 26 1999, 12:27 AM
There are lots of complexities (many of which have required PLRs) to having a revocable trust as beneficiary? Why do you want to name a revocable trust as beneficiary? (Is there some special reason you need or want a revocable trust in the first place? Revocable trusts do not save taxes, and in most cases they do not significantly reduce estate administration expenses.)
------------------
Bruce Steiner, attorney
(212) 986-6000 (NY office)
(201) 862-1080 (NJ office)
also admitted in FL
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