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Maryland Workers Compensation Attorneys > Maryland Estate Planning FAQs > What happens if I name a trust as beneficiary of my IRA?

What happens if I name a trust as beneficiary of my IRA?

Video Transcription:

If you have an IRA, generally, you’re going to name a beneficiary. If you name your trust as that beneficiary, upon your death the trustee would provide a copy of the death certificate to the plan administrator, then those benefits would be paid to your trust. The asset would then become part of the trust estate and would be distributed, in accordance with the provisions of the trust language.

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