Mother died 10-13-2007, leaving an Annuity Nationwide IRA to three children.

Last year, before death, Nationwide told me they’d handle turning them into Stretch/Beneficiary/inherited IRAs after death.

Now they are insisting they not only won’t retitle as Inherited, they will only provide a lump sum distribution or annuitization options.

All three children have Inherited IRAs established at M&T Bank (who quickly and painlessly re-titled Mother’s IRA in about a month). M&T Bank attempted to work out a “trustee to trustee” transfer, but hit a brick wall.

Now, another advisor suggests “trustee to trustee” is not exactly correct. He suggested sending:

1) Letter of instruction to Natiowide telling them to transfer the respective amounts to these three M&T Inherited IRAs

2) M&T paperwork to accept the funds

3) Death Cert of course.

My plan is to contact Nationwide and ask for their own form for #1 – if they don’t have one, tell them our own is coming. Send in three each of #1 and #2, one for each child/account, and a cover letter.

Suggestions?

Thanks,

John Sevick