Personal Finance (Not Investing) • Should I name beneficiaries on accounts if I have a revocable trust?

I have received conflicting information about this from two attorneys.

I have taxable accounts (brokerage and Treasury Direct), and an IRA.

I have two beneficiaries of my revocable living trust (wife and daughter).

1. IRA at Fidelity. (according to trust, goes to wife, or daughter if wife dies).
Should I name them as beneficiaries (POD) on Fidelity account as well? Or leave that up to the trust?

2. Personal Fidelity taxable account and personal Treasury Direct account.
Should I name the trust as beneficiary on these accounts (POD), or just leave blank and leave that up to the trust?

Thanks.

Statistics: Posted by protagonist — Mon Sep 09, 2024 10:25 am — Replies 10 — Views 331

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