2007-05-22 02:44:55 · 3 answers · asked by Chopper John 1 in Business & Finance ➔ Personal Finance
You will have to transfer the money from a Roth to another vehicle. IRS regulations are pretty tight on how a Roth can be distributed, and I think it accelerates pretty quickly if it becomes inherited.
2007-05-22 03:07:03 · answer #1 · answered by Scotty Doesnt Know 7 · 0⤊ 0⤋
If it is a trust account you can make requests or demands for distributions at certain periods of the child's life. However, you'll need a lawyer to make this an official document, and not just your wishes, such as a beneficiary is.
2007-05-22 03:02:14 · answer #2 · answered by ShouldBeWorking 6 · 0⤊ 0⤋
Yes, I think you can, you need to put the money in a trust and have the trust make distributions per your request. I am sure you will need a lawyer to do this or perhaps a very smart finiancial advisor could help but I am thinking you need a trust lawyer.
2007-05-22 02:53:48 · answer #3 · answered by Anonymous · 0⤊ 0⤋