08-21-2004, 05:51 PM
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 Re: IRA Beneficiaries Questions - quote - > I live in Louisiana which is a community property state. All assets
If you predecease your wife, she may roll the entire amount into an IRA of her> are owned jointly by my wife and I. > In my will I am able to specify that assets go to my children through > a spousal trust (usafruct) which allows my wife to use them until she > dies. Is it possible to specify a spousal trust to be the beneficiary > of my IRA? > Even though my wife "owns" half of my IRA assets, she apparently is > not able to specify a beneficiary. Why not? > Thanks own. When it is in her possession, she may name her own beneficiaries. The legalities, and separate wills, should be addressed by an attorney in the event you both pass at the same time. "Jack" - John H. Fisher - TaxService[at]aol.com Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html Where Ignorance is bliss, 'tis folly to be wise!=  |
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08-20-2004, 10:40 PM
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| IRA Beneficiaries Questions I live in Louisiana which is a community property state. All assets are owned jointly by my wife and I. In my will I am able to specify that assets go to my children through a spousal trust (usafruct) which allows my wife to use them until she dies. Is it possible to specify a spousal trust to be the beneficiary of my IRA? Even though my wife "owns" half of my IRA assets, she apparently is not able to specify a beneficiary. Why not? Thanks Frank |
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