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General Discussion / Beneficiary or Living Trust
« on: March 18, 2022, 07:16:40 AM »
Our tIRA and Roth have 2 different beneficiary designations. The tIRA has our beneficiaries listed out in %s to each beneficiary. The Roths are designated to our Living Trust. Which method is easiest for the beneficiaries upon our death? Do the Roth beneficiaries pay taxes on their inheritance as individuals? The beneficiaries are the same for the IRAs and the Living trust so it doesn't matter to us either way. We simply want the easiest transition in case of our deaths.
I understand the tIRA beneficiaries have 10 years to decide what to do with their inherited individual IRAs. Is it the same with Roth?
I understand the tIRA beneficiaries have 10 years to decide what to do with their inherited individual IRAs. Is it the same with Roth?