In the past couple of weeks, I have heard the wrong answer to the question of where required minimum distribution's (RMDs) must go to a trust beneficiary from both an advisor and an IRA custodian.
The advisor was dealing with a special needs trust as the beneficiary of the IRA. He thought that since a trust was the beneficiary the only distribution option was a 5-year payout. The trust was one of the best written trusts I had seen. It met all of the requirements for a payout based on the age of the oldest of the trust's beneficiaries.