A: With a married couple, each spouse would get his or her own individual IRA Inheritance Trust®. The trusts would be mirror images of one another and each spouse would typically name the other as the primary beneficiary. There are a number of reasons for doing it this way. One primary (and practical) reason is that IRA accounts are typically to an individual IRA owner, so you would want all of a spouse’s IRAs to be accounted for in his or her own IRA Inheritance Trust® and the same for the other spouse.
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 Ambro of freedigitalphotos.net.
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