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Naming a Trust as Your IRA Beneficiary
(Updated: 12/13/2016)

If you want to name a trust as a beneficiary of your IRA or other qualified retirement plan account, which of the following requirements must be met?

  1. The trust must be valid under state law.
  2. The trust must be irrevocable or become irrevocable upon the death of the participant.
  3. All beneficiaries of the trust must be individuals.
  4. The beneficiaries must be identifiable from the trust instrument.
  5. All of the above.

Answer: E.

In order for a trust to be considered a qualified beneficiary of an IRA or other retirement plan, all of these requirements must be met. In addition, the appropriate documentation, which usually includes a copy of the trust, must be provided to the plan administrator within a specified amount of time.

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