Most owners of IRA accounts name a beneficiary or beneficiaries to receive the assets upon the death of the IRA owner. But much like the passing of other assets to heirs, IRA owners may be concerned about how the ultimate heirs will handle a potential lump sum of taxable money distributed directly to the heir or heirs upon the IRA owner’s death. Should a trust be an IRA beneficiary?

What is an IRA owner trying to accomplish by naming a trust as the IRA beneficiary?

A trust can be a useful planning tool, and I would argue it is a reasonable decision for persons who wish to direct or control how heirs are to receive assets…

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