Quote:
Originally Posted by FL2021
For accounts such as 401k, IRA, Roth, etc., we received a mixed advice from our legal and financial services as to whether our children or the Revocable Trust should be named as the secondary beneficiary (after spouse being the primary).
For those of you who have already walked this path, is there a simple answer to this?... or perhaps there are pros & cons to either one? e g., difference in tax implications?
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REVOCABLE always as if you dont you cant change ANYTHING after its done.....It should always go to the spouse that is left and then whoever after..........my parents had is set for spouse next in line and then it was me.......NO issues No probate.........you better make sure you do your research befroe signing.......also go on Suzie Orman site she is good at explaining things without the legalities of words