Splitting an IRA at account owners death into 2 parts
Is there any rule or regulation that prohibits one from splitting an IRA at the account holders death into two separate IRAs, one which the surviving spouse elects to take on as the owner, and the second the spouse elects to take on as a nonspousal beneficiary?
Thank you!
Permalink Submitted by Al Fry on Thu, 2009-02-05 15:21
No, and that may be a good idea if the spouse does not need all of the proceeds, and is under 59 1/2