Estate planning options at Raymond James

IRA beneficiaries are named with Raymond James Trust Company of New Hampshire, the IRA custodian, on the beneficiary designation form it provides or on other documentation it accepts.¹

A person can be named as a beneficiary.^{1, 2}

A trust can be named as a beneficiary.^{1, 2}

An estate can be named as a beneficiary.^{1, 2}

Another entity can be named as a beneficiary.^{1, 2}

The owner may state an allocation among the primary beneficiaries. Without a stated allocation, the account is paid in equal percentages to the named primary beneficiaries who survive.^{1, 2}

For IRAs. Sent by the institution on request.¹

The custodian relies on the last written beneficiary designation it receives, which supersedes all earlier designations.^{1, 2}

If no designated beneficiary survives, or no designation is in effect, the beneficiary is the surviving spouse or, if the owner was not married, the owner's estate.^{1, 2}

A beneficiary who dies within 120 hours after the owner is treated as having predeceased the owner.^{1, 2}

Trust accounts are their own Raymond James account type, governed by the Terms and Conditions for Trust Accounts alongside the Master Client Agreement.³

The advisory programs accept trust accounts.⁴

An IRA cannot be retitled to a trust. The custodial agreement does not recognize any attempt to assign or transfer the account, except as state or federal law requires.¹

Raymond James states that it is not responsible for determining the validity of a person's status or capacity to serve as a fiduciary.³

Custodian of Raymond James IRAs; provides the IRA beneficiary designation form¹

Serves as trustee or co-trustee, and accepts transfers of existing trusts from another provider⁵