CBS wrote:

- quote -

You might find these links helpful:

http://www.irstaxtrouble.com/2005/10...neficiary.html
http://www.irstaxtrouble.com/2006/07...signation.html

Gary
http://www.mechanicsofmoney.com
http://www.mechanicsofmoney.com/blog.php


<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Here's the scenario.

A and B are husband and wife. A and B have separate trusts.
A has a 403(b), 457, and traditional IRA. A dies. B is
the trustee and sole beneficiary of A's trust. A dies.
After A's death, B learns that A inadvertently made A's
trust the beneficiary of the 403(b), 457, and trad IRA
instead of B.

If B had been the beneficiary, it's my understanding that
she could simply take over the accounts, keep them in their
present form, and then start taking taxable distributions at
70 1/2. However, since the trust is named the beneficiary,
it is my understanding that B is now forced to start taking
distributions immediately.

Question: Since B is the sole beneficiary of the trust, is
there any way she can have this taxed as if she had been the
beneficiary?

Any help would be GREATLY appreciated!!!!

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >