- What you should know about trusteed IRAs
The tax code allows IRAs to be created as trust accounts, custodial accounts and annuity contracts. Regardless of the form, the federal tax rules are generally the same for all IRAs. But the structure of the IRA agreement can have a significant impact on how your IRA is administered. This article will focus on one type of trust account commonly called a "trusteed IRA" or "individual retirement trust."