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We have a revocable living trust. Bank accounts and taxable brokerage goes to the trust itself which dictates the beneficiaries. The tIRA specifies the beneficiaries since it can't be part of the trust. That's my understanding.
"Do not go where the path may lead, go instead where there is no path and leave a trail."
Note I've found many banks will insist on having a copy of the trust which lists the beneficiaries if the trust wants to do business with them, i.e. they won't accept a trust abstract which keeps the beneficiaries private.
The account is in the name of the trust. The trustee can distribute the account according to the terms of the trust. You will need a copy of the trust when the account is set up and when the original trustee (or subsequent) die or become unable to manage the trust.
DH retired 2014.
Sold my business in '16 and retired 5-17!
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