Trust as IRA Beneficiary

For a Revocable Trust to be qualified as a Designated Beneficiary of an IRA so that payments can be made over the life expectancy of the oldest trust beneficiary

1. Trust must be valid under state law
2. Trust beneficiaries must be identifiable
3. Trust must be irrevocable on date of death
4. Trust beneficiaries (except contingent must be individuals).
5. Copy of Trust (or certification) together with statement that Plan Administrator will be notified of all Amendments must be delivered to Plan Administrator within nine (9) months after death of owner, and
6. First distribution must be paid out by December 31st of the calendar year after the trust owner dies.