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Most IRA custodians are now "up to speed" regarding the naming of a contingent IRA beneficiary, and they already have the paperwork available to allow you to name a contingent (and even a successor-contingent) beneficiary.
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www.fool.com/school/taxes/1999/taxes991231.htm
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Contingent beneficiaries are used as a backup. In the event that there are no living primary beneficiaries, the contingent beneficiary claims the asset. A common example is this: ... The Recipient of an Annuity, IRA, or Death Benefit...
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banking.about.com/od/annuitiesinsurance/a/beneficiary.h...
banking.about.com/od/annuitiesinsurance/a/beneficiary.htm
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contingent beneficiary: Definition and Pronunciation ... ; Insurance. a person who becomes the beneficiary if the primary beneficiary dies or is otherwise disqualified. ... contingent fee...
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www.factmonster.com/ipd/A0386002.html
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A spouse who is the sole primary beneficiary of an IRA can always treat the IRA as his or her own. The contingent beneficiary on an IRA is never taken into consideration unless the primary ... My spouse is the primary beneficiary of my IRA. I also have a contingent beneficiary. Can my spouse still transfer my IRA assets...
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www.investopedia.com/ask/answers/05/primarybeneficiary....
www.investopedia.com/ask/answers/05/primarybeneficiary.asp
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Had the issue been brought to light before the IRA owner died, the beneficiary designation could have included provisions to exclude that beneficiary, or for his share to be transferred to a spendthrift trust, if such a trust is available under the laws of the state in which you live.
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www.investopedia.com/ask/answers/06/excludespendthrift....
www.investopedia.com/ask/answers/06/excludespendthrift.asp
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ira distributions, contingent beneficiary, income act: Larry, I know nothing about the overall situation so if it was my client who knows exactlyl what I would have recommended but very generally I might have considered life insurance on husband with proceeds in trust for wife under same terms. ... Husband has large IRA,
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en.allexperts.com/q/Trusts-Estates-Law-933/Family-Trust...
en.allexperts.com/q/Trusts-Estates-Law-933/Family-Trust-IRA-Distributions-1.htm
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income tax bracket, contingent beneficiary, ira distribution: Trust officer and I agree. Tell the trust officer to send you the specific wording allowing your IRA to hold to the distribution of your son. Once the son starts taking the money, then this is when the income tax comes into play. ... For IRA distribution purposes,
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en.allexperts.com/q/Trusts-Estates-Law-933/IRA-distribu...
en.allexperts.com/q/Trusts-Estates-Law-933/IRA-distribution-trust.htm
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IRA Payout to Contingent Beneficiary by Randy Carey, BOL Guru; Guru Bio; Question: We have a primary owner (wife) on an IRA who has named her husband as primary beneficiary on her IRA. Her son is named contingent beneficiary.
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www.bankersonline.com/operations/guru2007/gurus_op12100...
www.bankersonline.com/operations/guru2007/gurus_op121007e.html
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the contingent beneficiary or beneficiaries) inherits the IRA, and if that next person is a younger beneficiary, then the IRA can be "stretched.
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legal-dictionary.thefreedictionary.com/contingent+benef...
legal-dictionary.thefreedictionary.com/contingent+beneficiary
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