Estate TaxesSubmitted by James Kirchner on Thu, 2007-11-01 21:24Are IRA assets included in the account owner’s estate where “persons” are named as beneficiaries?Flag as spam
Permalink Submitted by Al Fry on Thu, 2007-11-01 21:43
Yes, but not subject to probate.
Permalink Submitted by Alan Spross on Thu, 2007-11-01 21:59
If a charity is the named beneficiary, the gross IRA amount is still subject to reporting on a 706, but the charitable deduction will reduce or possibly eliminate a taxable estate.