How to Name a Trust on an IRA Beneficiary
- 1). Create the type of trust that you wish to designate as a beneficiary to your IRA. In many cases, this trust will be a "pour-over" trust. This type of trust often remains unfunded until an event occurs, such as the death of the grantor. Then the assets from a source such as an IRA are poured into the trust.
- 2). Contact your IRA custodian and notify them that you want to add your trust as a beneficiary. They should provide you with a list of the documents that you will need to furnish them to accomplish your objective.
- 3). Complete your beneficiary designation or change form. Specify the full name of the trust that you are using. You will probably need to include a copy of at least the title and declarations pages of the trust. You may need to send in a full copy of the trust, depending upon various factors.
- 4). Check with your custodian to ensure that the change or addition was made correctly. They will send you a beneficiary change form showing the change or addition in most cases. The full name of the trust should be listed as the beneficiary. Notify your custodian if you find any errors.
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