What is the name of your state? Tennessee
I have a revocable trust. My son is my sole beneficiary.
I have several IRA accounts in my name that have the trust as the named beneificiary. I was advised to change the beneficiary to my son's name as this will allow him to spread distribution of payment over a longer period of time.
Is this correct? Won't this start probate?
I have a revocable trust. My son is my sole beneficiary.
I have several IRA accounts in my name that have the trust as the named beneificiary. I was advised to change the beneficiary to my son's name as this will allow him to spread distribution of payment over a longer period of time.
Is this correct? Won't this start probate?