Spencer Posted January 28, 2014 Posted January 28, 2014 Owner of IRA dies. He was over 70.5 and had started RMDs. His IRA is going to adult niece (age e55). Can she put the IRA into a trust? If she does, is the IRA still called an inherited IRA? Are the RMDs still calculated based on the niece’s age? Can a trust be the trustee of an IRA? Thanks!
Lou S. Posted January 28, 2014 Posted January 28, 2014 See attached chart from IRs Pub 590 http://www.irs.gov/pub/irs-tege/rmd_chart.pdf
masteff Posted January 29, 2014 Posted January 29, 2014 http://benefitslink.com/boards/index.php?/topic/30753-ira-owned-by-a-living-trust/ Kurt Vonnegut: 'To be is to do'-Socrates 'To do is to be'-Jean-Paul Sartre 'Do be do be do'-Frank Sinatra
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