Once you pass away, your IRAs would have to be disbursed to a person of your choice. This person is known as the beneficiary. While you can designation any person as a beneficiary for your IRAs, the tax laws may not allow that person to qualify as one. Under the laws, a designated beneficiary has to be a person and not a corporation. However, a qualified trust can be named as a beneficiary for IRAs.
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June 2, 2011
How to Name a Beneficiary for IRAs?
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