Are minor children subject to the 10-year rule?
Not until they reach the age of majority (typically 21). Until then, they qualify as EDBs and can use life expectancy distributions. Once they reach majority, the 10-year rule begins.
Not until they reach the age of majority (typically 21). Until then, they qualify as EDBs and can use life expectancy distributions. Once they reach majority, the 10-year rule begins.