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Daily Archives:Tuesday, March 24, 2015

IRAs And Trusts For Beneficiaries In Florida

March 24, 2015

People who have individual retirement accounts sometimes wonder if they should be placed in a trust to make certain an intended beneficiary will receive the proceeds. This is not always necessary, as a person who has an IRA can name another as the beneficiary of it.

There are some circumstances that make placing an IRA in a trust a good idea, however. If the beneficiary is a minor child or an adult child who has special needs, setting up a trust and naming it as the beneficiary of the IRA may make sense….