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Yes I would recommend that, as well ... one of the reasons they may have mentioned is that when the owner name his children as beneficiaries directly —you avoidthe shortened payout period based on the oldest child’s life expectancy
That is a little of where I am confused
the whole pay out period thing
I am 30 the oldest is 60
Well, it has to do with not forcing out distributions
OK Yepm, that's what thry're looking at
So if she when she passes if all of us want to just take the cash out is that possible
OH sure, that's another reason is control and being able to use as each beneficiary wishes
DO you knew if the trust is revocable or irrevocable?
I have it open now
OK, that keeps is less complicate, but the same thing still applies.
Look at this example:
So it makes more sense to list each one of us and let us choose what we want
This way if i decide to roll it over i dont get hit with my uncles age
Ok i have it changed around lol thank you
You're welcom... that'll be a win-win for everyone
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Here's an excellent article, by the way: http://issues.flemingandcurti.com/2010/10/17/trust-named-as-ira-beneficiary-heres-how-it-works/
cool gonna read it now thanks again