RMD with trust as beneficiary

[Dougsbpc]

A small defined benefit plan has a greater than 5% owner who turns 70 1/2 this year.

His beneficiary designation indicates that a family trust is the beneficiary. As such, could his RMD be based on a period certain annuity?

Just out of curiosity, what would happen if a greater than 5% owner turned 70 1/2 and refused to sign a beneficiary designation? My guess is that if he were married, the RMD would automatically be based on a J & S annuity.

[Guest Sieve]

1) Assuming there are no non-human beneficiaries of the trust, the payments would be based on the age of the oldest beneficiary's life expectancy, but the amount could not exceed what the distribution would be using the Uniform Table life expectancy.

2) Yes--becasue the plan will, no doubt, default the desingated beneficiary designation to the spouse.

[WDIK]

non-human beneficiaries

http://www.estateplanningforpets.org/faq7.htm

http://www.itchmo.com/the-lifestyles-of-su...eficiaries-2590