Milledgeville, GA asked in Estate Planning for Georgia

Q: Can I put a minor as my ira beneficary

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1 Lawyer Answer
Rachel Lea Hunter
Rachel Lea Hunter
Answered
  • Estate Planning Lawyer
  • Cary, NC
  • Licensed in Georgia

A: Talk to your plan administrator. My guess is no. They may require a parent or some other adult (like a trustee) to be named as the beneficiary.

Depending on what is in the IRA, I suggest creating a trust in your will and naming as your beneficiary, the trustee of the trust for the minor created in your will. If you are still alive after the child is 18, you can always change the beneficiary to the child.

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