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Anglcake
Lv 5
Anglcake asked in Politics & GovernmentLaw & Ethics · 5 years ago

After collecting money as an IRA beneficiary does the money legally have to be transferred to the trust to divide among other beneficiaries?

3 Answers

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  • Morningfox
    Lv 7
    5 years ago

    The money from the IRA goes to the owner/beneficiary of the IRA. That owner could be an individual, or it could be the trustee of a trust. So what trust are you asking about, and is that trust (trustee) the owner of the IRA?

  • regerugged
    Lv 7
    5 years ago

    No. If only one person is listed as beneficiary, all of the IRA belongs to the named beneficiary.

  • tonalc2
    Lv 7
    5 years ago

    It depends what is stipulated. The executor should have that info.

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