Deferred Variable Annuity
Client owns a VA in his IRA. Age 72. Dec 1 2008 csv is 300,000 but DB is 800,000. Client dies Dec 2008 with non spousal beneficiary. The 800,000 DB physically hits account Jan 2009.
1) For purposes of estate tax is the value on DOD the CSV, the 800,000 DB or some inputed actuarial value?
2) for purposes of Beneficiarie’s RMD required in 2009 , which is based on 12/31/2008 value… Which value is used for the VA?
Permalink Submitted by Alan Spross on Wed, 2009-03-04 03:47
1) 800,000 DB
2) If 2009 RMD had not been waived by WRERA, it would be based on 800,000 plus interest to 12/31/08.