Trust Beneficiary
Good Afternoon
What are the applicable rules when a trust inherits a T-IRA and the underlying trust beneficiary subsequently passes away?
Note: This is all the information I have at ths time. Please let me know if additional information is needed.
Thank you,
Brian
Permalink Submitted by Bruce Steiner on Tue, 2013-12-10 23:26
What does the Will or trust instrument say happens?
Permalink Submitted by mk foss on Fri, 2013-12-20 22:59
When the trust beneficiary dies either the trust terminates or the trust goes on. In any case, you still use the life expectancy of the original trust beneficiary for further RMDs. As Bruce said, you need the document to know what to do.