When the client has multiple beneficiaries for his IRA money, the client should generally; A: Designated multiple
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Question:
When the client has multiple beneficiaries for his IRA money, the client should generally;
A: Designated multiple beneficiaries for each IRA (e.g. 50% of each account balance goes to the spouse and 25% goes to each of the two adult children)
B: Set up a separate IRA for each beneficiary via tax-free direct (trustee-to-trustee) transfers.
C: Leave other assets instead, because of the tax complications.
D: Designate beneficiaries in his or her will but avoid making actual account beneficiary designations by turning tn the required paperwork to the IRA trustee or custodian.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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