Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Retirement account beneficiary and a revocable trust"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]My understanding is that retirement accounts with beneficiaries are separate from the trust. Beneficiaries on bank accounts trump wills/trusts. Are there secondary beneficiaries listed in the retirement accounts?[/quote] This is also my understanding that beneficiaries trump wills/trusts. I've read you can (in some states) make a trust the beneficiary. However, my parent has dementia so I don't know if we can change the beneficiaries this way. I had to get a letter stating she can't make her own decisions in order to open a trust bank account for the proceeds from the sale of her house. With that on record, I'm not sure if she could change beneficiaries. I could sell the investments. At the very least, I could move the cash part into the trust... OP [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
