In three PLRs, PLRs 202114010-202114012 (Apr. 12, 2021), the IRS ruled that children who were beneficiaries of a trust were treated as designated beneficiaries of an IRA for purposes of determining the applicable distribution period under Code Sec. 401(a)(9).
See PLR 202114010 by clicking here.
See PLR 202114011 by clicking here.
See PLR 202114012 by clicking here.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.