Qualified Trust
A trust whose underlying beneficiary may use his or her life expectancy to determine RMD (required minimum distribution) amounts, including those for the beneficiary of a retirement account.
Investopedia Commentary
Unless qualified, a trust can not normally be treated as the beneficiary of a retirement account for purposes of determining life expectancy factors. To be qualified, a trust must meet certain requirements in its validity and irrevocability, and the beneficiaries of the trust receiving the benefit must be identifiable furthermore, the IRA trustee, custodian or plan administrator must be provided with a copy of the trust instrument.
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Preparing for the RMD Season - Part 2
See also: Individual Retirement Account - IRA, Life Expectancy, Required Minimum Distribution - RMD, Roth IRA, RRSP, Traditional IRA, Trustee