What is the name of your state (only U.S. law)? Indiana
My late father was the named beneficiary of my mother's IRA. She has (and they had) a revocable living trust. Should she make the trust the beneficiary of the IRA? Or possibly her church? Or possibly her offspring as multiple named equal beneficiaries? (Church and offspring will be ultimate beneficiaries of her estate.) The eventual estate will be less than $1m.
Ideas, pro or con, are appreciated. Thanks.
My late father was the named beneficiary of my mother's IRA. She has (and they had) a revocable living trust. Should she make the trust the beneficiary of the IRA? Or possibly her church? Or possibly her offspring as multiple named equal beneficiaries? (Church and offspring will be ultimate beneficiaries of her estate.) The eventual estate will be less than $1m.
Ideas, pro or con, are appreciated. Thanks.