How do I name the primary beneficiary?

Q: Client-Husband has an IRA trust.  Exactly how should he name his spouse as primary beneficiary?

A: Assuming this is not a blended marriage (with children of a spouse’s prior one) or other situation where husband would want to limit the wife’s ability to change secondary beneficiaries, then simply name the wife,  individually and outright, as primary beneficiary. She can then take advantage of rollover benefits and make the beneficiary of her rollover IRA, the subshare trusts of her own IRA Trust (typically created as a “mirror image” of husband’s trust), at same time his was established.

<<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 stockimages at 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Your email address will not be published.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 *