Decedent’s RMD pd directly to beneficiary rather than estate
In the year of the decedent’s death (2007), are RMD rules satisfied if required minimum distribution is made in 2007 post D.O.D. to beneficiary of IRA instead of decedent’s estate?
In the year of the decedent’s death (2007), are RMD rules satisfied if required minimum distribution is made in 2007 post D.O.D. to beneficiary of IRA instead of decedent’s estate?
Permalink Submitted by Al Fry on Mon, 2007-11-12 15:46
Unless the Estate is the beneficiary, it should not get the post-death RMD for the year of death RMD. It does not belong to the estate, it belongs to the IRA beneficiary.
Permalink Submitted by Alan Spross on Mon, 2007-11-12 21:23
The owner’s unsatisfied RMD would be satisfied if paid out to the beneficiary. If paid to the wrong beneficiary, the RMD is still satisfied, but then the correct beneficiary will have some legal recourse.