Municipal Bond Forum
Munis to beneficiaries
Q
After I pass, how will my municipal bonds, held in a trust, be split among several beneficiaries? Are muni funds the better option?
A
James A. Klotz responds:
We have never been proponents of bond funds because unlike individual bonds, there is no stated maturity date and consequently no promise to return principal.
Distributing bonds from a trust to multiple beneficiaries does not pose a problem. It merely requires dividing the account, based on market value at the date of death.
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