AboutHelen P. O`Planick, EA Expertise I am a tax professional, with experience in individual taxation. I would prefer not to answer questions about non-resident aliens or corporate taxation. Please do not ask me state related questions, unless the state is Pennsylvania. There are 42 taxing states and 42 TOTALLY different sets of state tax law.
Experience I have been preparing tax returns almost all my life. I have been in professional practice for 25 years and I am enrolled to practice before the Internal Revenue Service.
Organizations National Association of Enrolled Agents
Publications I am a prior Money Magazine Tax Test taker and have been quoted extensively in all media including monthly periodicals and books by tax authorities.
Question Hi - The question is, would it be better to name my trust or my kids individually as beneficiaries to my IRA, given that my kids are the only people named in my trust. My goal would be for them to be able to roll my IRA into theirs on my death.
Thanks for any help that you can offer!
Answer They cannot roll your IRA into theirs. However, they can move it to an IRA that stands alone.
As to whether it should be your trust or your kids that are the bennies is a question I cannot answer, I don't know enough about you.
