Required Minimum Dsitribution of Deceased IRA owner
Client died without taking his Required Minimum Distribution. How can it be paid out of the account since he is not alive to sign paperwork?
Client died without taking his Required Minimum Distribution. How can it be paid out of the account since he is not alive to sign paperwork?
Permalink Submitted by mk foss on Thu, 2014-09-11 17:52
The beneficiary should contact the custodian and arrange to have the RMD paid to hin/her. The custodian will need required documentation, a death certificate for one. Each custodian has a slightly different procedure – but this happens often.