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For many retirees, naming a trust as the beneficiary of an IRA is a way to ensure more control, but here’s the catch: unless it’s done right, this move could unintentionally fast-track your beneficiaries' tax bills by forcing distributions within five or 10 years of your passing.

What to Know: Fortunately, new IRS rules introduced in 2024 offer a fresh opportunity to stretch IRA distributions—and your impact. If your trust is structured with specific language allowing it to split into separate “subtrusts” after your passing, each beneficiary can follow their own distribution timeline. However, make note that the trust must include this provision before your death—and must already qualify as a “see-through” trust.

Key Takeaway: If you’ve named a trust as your IRA beneficiary—or are considering doing so—it may be time for a check-in. With proper planning, you can give your loved ones more than just money: you can give them time, flexibility, and a thoughtful legacy.