Legal Question in Wills and Trusts in California
probate, trust, will
most of my money is in IRA/pension fund with my children as beneficiaries. would it be better to have a trust with the trust as beneficiary. What is the quickest way the kids would get the money.
Asked on 3/19/07, 12:41 pm
1 Answer from Attorneys
John Campbell
Law Offices of John J. Campbell, P.C.
Re: probate, trust, will
The best way for your children to receive what is left in your IRA after your death is to name the children as beneficiaries. Naming a trust can have serious income tax consequences.
Answered on 3/19/07, 1:14 pm
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