Person or trust as the second in line beneficiary?
It is the time of life that my wife and I are setting up a trust to plan for where our IRA assets will go. My wife and I are co trustees in our trust. So if one of us dies before the other the transition is simple. My son will be the next in line to handle our affairs when we are both gone. My question is: Should my son be listed as a beneficiary or should I list the trust as the next in line beneficiary? My son will still be in control either way but is there an advantage to how I set it up?
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