Retirement tax questions


@Chas R wrote:

My wife will inherent a portion of a trust created by her father that will be disolved and divided among she and her sibling. 


If the terms of the trust dictate that the trust is to be terminated and all of the trust assets distributed to the beneficiaries, then the beneficiaries can do as they please with those assets; they would then own them personally and not within the trust (since it was terminated).