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What is the easiest course to distribute a decedent’s IRA to a dozen beneficiaries?
6Apr2008 Filed under: Taxes Author: adminAn over 70 year-old died and disappeared three IRAs to her living trust. The spouse is unmoving and in attendance are 12 beneficiaries range within age from 30 to 85. Can we A) Sell the assets and repay the duty at the trust horizontal? B) Combine the three IRAs and surpass the minimum distribution out over X years? C) enjoy the dune create 11 IRA beneficiary accounts and tolerate the beneficiaries want?
This is far too complicated to answer here. If the trust is a beneficiary of the IRA, near are provisions of the trust that factor your option. Depending on the type of trust, the ages of the beneficiaries will also determine the distributions required.
An estate attorney is a must for you. Perhaps the attorney who set up the trust to fire up near.
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