Single Status Update
I've searched the forum regarding stand alone Retirement Trust and I'm still confused about when it is appropriate to select a stand alone IRA trust and how to name beneficiaries.
Many posts speak to naming a trust as contingent beneficiary and not first beneficiary and I'm curious as to why a trust wouldn't/shouldn't be named first. Default seems to be spouse, but doesn't that also mean spouse can do whatever they want with it? What if holder wants to ensure asset protection and having some left for kids, if available.