Charting a Course for Family Security

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.

Downtown Office

Pacific Guardian Center
733 Bishop Street
Suite 2357
Honolulu, HI 96813

Kahala Office

Kahala
1215 Hunakai St
Suite 209
Honolulu, HI 96816

Leeward Office

Newton Square
98-1247 Kaahumanu Street
Suite 221
Aiea, HI 96701

Windward Office

Kailua
1247 Kailua Road
Suite D
Kailua, HI 96734