MULTIPLE BENEFICIARIES ON THE SAME ACCOUNT
01.Core Concepts
• Multiple beneficiaries, if one is an i neligible beneficiary, all treated as such. • Exceptions apply (retains eligible beneficiary status): 1. A minor child of the deceased participant 2. Multi-beneficiary trusts • Multiple beneficiaries, all are eligible beneficiaries, the oldest beneficiary’s life expectancy is used. • Exception applies when the account is separated after death • Each beneficiary uses their own life expectancy DEATHS AFTER DECEMBER 31, 2019 DEATH AFTER RBD