Should retirement accounts be placed directly into a revocable trust?

Retirement accounts often require special handling. In many cases, they are not simply retitled into the trust because beneficiary designation rules and tax considerations may apply. The right approach depends on the account type, the beneficiary plan, and the overall estate strategy. An attorney or tax advisor can help determine whether the trust should play a role and how to coordinate it properly.

Trusts are typically established with the help of a legal professional. Quorum does not provide legal or tax advice. We recommend consulting with your attorney or other professional to determine what's appropriate for your situation. You need to review a strategy for your own particular circumstances that takes into account the applicable laws in your state before making any decisions.

This material is intended for general, informational and educational, purposes only and is subject to change based on a person's circumstances or changes in the law. The accuracy, completeness or reliability of the information provided is not guaranteed.