Traditional IRA into a CRT
I have a young couple (40 and 42 yo) wanting to use a CRT to hold a Traditional IRA. Can this work? Why or why not?
I have a young couple (40 and 42 yo) wanting to use a CRT to hold a Traditional IRA. Can this work? Why or why not?
Permalink Submitted by Alan - IRA critic on Mon, 2019-08-12 16:39
The CRT could be made the beneficiary of the IRA, but the CRT cannot own it while they are living. Only an individual (not a trust of any kind) can own an IRA.