Business, 04.10.2020 07:01 aidananderson

A self-employed middle-aged woman contributes annually to a Traditional IRA. She is unmarried, has two grown children, and has established a trust naming her two children as sole beneficiaries. The woman puts her assets in the trust and names the trust as beneficiary of the Traditional IRA. If she should die, what would happen to her IRA? (A)IRA assets would be divided evenly between her two children. (B)IRA assets would be included in the trust and established distributions from the trust to her children would be taxable as ordinary income. (C)IRA assets would be included in the trust, and her children would be allowed to rollover the distributions into their own IRAs on a tax-free basis. (D)The IRA would become the property of the Estate and would not be distributed to her children.

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A self-employed middle-aged woman contributes annually to a Traditional IRA. She is unmarried, has t...

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