Do you need one or two separate IRA Inheritance Trusts®?

do-you-need-one-or-two-separate-IRA-trustsQ: Do you need one or two separate IRA Inheritance Trusts® for a married couple?

A: Yes, both spouses would each receive his or her own IRA Inheritance Trust®, where they would typically name one another as primary beneficiary and the trusts would mirror one another.  The first spouse to die’s IRA would go to the surviving spouse and then the surviving spouse would have any beneficiaries named to receive the IRA in a sub-trust set up for each beneficiary (each with its own EIN), upon the death of the surviving spouse.

<<BACK TO Q&A


The IRA Inheritance Trust® is a registered trademark or trademark of Kavesh, Minor & Otis, Inc. in the United States and/or other countries. All rights reserved. Image courtesy of Stuart Miles of freedigitalphotos.net.

DISCLAIMER: This website is intended to provide legal information only; legal information is not legal advice and you should consult with qualified legal counsel prior to implementing any estate planning. The transmission or receipt of information to or from this Website is not intended to create, and does not create or constitute, an attorney-client relationship. No portion of this site may be reproduced or used in any manner other than for the private information of the site reader without the express written consent of The Ultimate Estate Planner, Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *