Tpollaro
Level 2
04-10-2024
03:56 PM
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Best Answer Click here
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sjrcpa
Level 15
04-10-2024
08:39 PM
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Not until the trust receives a distribution.
The more I know, the more I don't know.
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qbteachmt
Level 15
04-11-2024
01:55 PM
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"Decendant"
Has the person died?
Decedent = they have died, and their account transfers to the trust. The Trustee requests a distribution to close the account, and sends the funds to beneficiaries. Or, has the account put into Inherited IRA accounts, one for each beneficiary = no distribution has been made. Or? What else has happened?
Descendant = offspring of the decedent.
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