IF A TRUST WAS FORMED SEVERAL YEARS AFTER A BENEFICIARY WAS ASSIGNED TO AN IRA ACCOUNT AND THAT BENEFICIARY IS STILL ON FILE.

Asked 10 months ago - Whittier, CA

DOES THE BENEFICIARY HAVE FULL RIGHT OF THE IRA.

Attorney answers (3)

  1. Ivette M Santaella

    Contributor Level 18

    4

    Lawyers agree

    Answered . Hello,

    To clarify -- are you asking if the beneficiary of an IRA would change after a trust has been established?

    It appears that you are concerned that the beneficiary of the IRA in the trust differs from the beneficiary named in the IRA?

    If yes, then the beneficiary named in the IRA would have precedence if there is a different beneficiary for the IRA named in the trust.

  2. Michael Leo Potter

    Contributor Level 20

    3

    Lawyers agree

    Answered . Beneficiary designations remain intact - unless changed by the IRA Account owner.

  3. Joseph Franklin Pippen Jr.

    Pro

    Contributor Level 20

    2

    Lawyers agree

    Answered . YES-if it was never changed.
    The Trust would have no impact.

    The answer given does not imply that an attorney-client relationship has been established and your best course of... more

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