72T gets cancelled when IRA acct holder is deceased
is that correct? does the beneficiary inherit the 72T from the deceased IRA acct holder? of does all standing instructions on a IRA acct holder gets cancelled and bene does not inherit any instructions except for the RMD. Please let me know.
Permalink Submitted by Denise Appleby on Mon, 2009-03-02 16:49
That is correct. Death cancels/voids the 72(t). The beneficiary does not continue the 72(t)