My father’s IRA is at Charles Schwab. He recently passed away. Do you know what a typical custodian like Schwab requires to start the ball rolling and how long it normally takes to get the distributions after a Trustor dies? Although, the Trust is the 100% Beneficiary on the IRA the Trust document states that 4 Beneficiaries have equal 25% shares. Do custodians such as Schwab typically split the IRA into separate accounts even if the Trust was listed as an 100% Beneficiary?
