Yes, you can name a trust on your IRA plan held at Ameriprise Financial. Upon the death of an IRA owner who has named a trust as beneficiary of the IRA, the IRA will be moved to Trust Beneficial ownership. The Beneficial IRA will be in the name of the trust and the tax reporting will be to the trust. Naming a trust as a beneficiary to an IRA may limit the ability of your heirs to continue to defer income taxation on these assets. You should consult with your tax advisor or an estate planning attorney before naming a trust as the beneficiary for your IRA.