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Reply to "How to make sure child of sibling inherits?"
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[quote=Anonymous]Right now, I manage my parent's affairs, and they are very far advanced with dementia. Sibling and I are beneficiaries on investments like IRAs. An IRA can't be retitled to the trust name. However, a trust can be a beneficiary (but that can cause problems, I hear). The problem is that I will inherit everything if sibling dies before our parent, and sibling will inherit everything if I die before our parent. This will leave out our kids. What is the best thing to do in this case? Remove all money from IRA? [/quote]
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