An over 70 year-old died and left three IRAs to her living trust. The spouse is dead and there are 12 beneficiaries ranging in age from 30 to 85. Can we A) Sell the assets and pay the tax at the trust level? B) Combine the three IRAs and pass the minimum distribution out over X years? C) have the bank create 11 IRA beneficiary accounts and let the beneficiaries decide?
My research tells me I can do any one of the above under the trust, but Extra37′s insight on the age range makes me prefer C. The bank can take it from there.