Use of Disclaimers with Traditional IRAs
Any problems with use of Disclaimers from a Deceased IRA(Older then 70 1/2 upon Death] -Primary Beneficiary: of Traditional IRA Surviving Spouse[Older then 70 1/2] and Secondary Beneficiaries of IRA -Co-Equal Shares to Deceased Children?
For Some Reason My Prior Posting has Disappeared from this Discussion Forum-Thank You
Permalink Submitted by Alan Spross on Wed, 2009-09-23 00:29
You posted the other one in the technical support section. It should be in this discussion forum section.
The main thing is that the disclaimer meets all the requirements of Sec 2518 attached. Note the 9 month time limit. Surviving spouse may need to get legal help to properly draft the disclaimer. If filed on time, there is still time for the contingent beneficiaries to establish separate accounts enabling them to use their own life expectancies for RMDs.
http://www.fourmilab.ch/ustax/www/t26-B-12-B-2518.html
What do you mean with reference to deceased children?