You May Need To Consider The Benefits of Creating an IRA Sub-Trust if your beneficiaries are not great money managers in order to really benefit them.
Articles about Checks to Trusts
Most people want the IRA that they left to their children to go on to their grandchildren, rather than to the spouse. An IRA Sub-Trust may be the answer.
A dementia diagnosis may mean you will lack capacity to update your estate plan in the near future. It is important to update your estate plan to address your needs.
When a trust receives a check, the trustee is responsible for depositing it. Also, the trustee must make sure it is handled properly and keep accurate records.