Estate as beneficiary
My client’s Father passed away and named the estate as the beneficiary of two IRA accounts held at a bank. The bank will only write a check to the estate. My client’s Father was not married & she is the beneficiary of the estate – there are no other siblings. Is there anyway to handle this situation to avoid the income taxes?
Permalink Submitted by Alan - IRA critic on Thu, 2013-07-11 20:00
This will explain the best option for getting at least some stretch time for the RMDs allowing the income taxes to be spread out: http://www.ataxplan.com/bulletinBoard/ira_providers.cfm