Leaving your IRA outright to one or more individuals is simple but may not be prudent. If you leave the account to someone who has little experience with finances, for example, the inheritance might be mishandled.
In such situations, it can be advisable to name a trust as your IRA beneficiary. Then one or more individuals can be the trust beneficiaries. Working with an experienced estate planning attorney to draft your trust might pay off in the future for heirs you’d like to protect.
If you decide to use a trust, make sure you list the trust on your IRA custodian’s beneficiary form. That form will determine in which direction your IRA will go after your death, no matter what it says in your will. Review this beneficiary form every few years, to see if it still reflects your current wishes.