There are a lot of good reasons to name your trust as beneficiary or your retirement plan, whether a 401(k), 403(b), or IRA. Trusts provide for management of the IRA beneficiaries who are young, disabled, or for other reasons shouldn't be managing the asset themselves. People in a second marriage or relationship may want their spouse or partner to benefit from the funds, but not be able to deplete them entirely. And trusts provide creditor and protection.
However, the trust may not protect your retirement funds from your own creditors.Read More