Estate Law Questions? Ask an Estate Lawyer.
Hi and welcome to JA. Ray here to help you today.
You would just set up the trust and name the trust as beneficiary.You would set the terms for distribution in the trust itself.You will need a local trust lawyer to set up the trust and then have the institution set up the trust as beneficiary.That way the funds go to the trust when you decease here.
You would apply for an EIN number for the trust and all reporting is done through the trust.
I appreciate the chance to help you today.
This can be done with a regular living trust funded to your needs.
I don'[t honestly think that is possible.You can name individuals then it passes directly to them or name the trust and trust holds the funds as per the trust.But you have to pick one here .You could have the IRAs pay to the trust as a possibility.