My relative passed away this year and left a trust and a will. He named his workplace 401K as an asset in his trust. Was this a bad idea? I have read that retirement accounts should not be placed in trusts because it can cause a tax event. Can someone explain to me when that tax event occurs? Is it after the death of the Trustor? what are the rules for distributing those assets from the 401K?
Thank you
Thank you
Statistics: Posted by 1year23 — Wed Aug 14, 2024 2:56 pm