A client passed away on 7/22/19. She was born 9/9/1940 and was 78 years old at the time of her death. The beneficiaries of the IRA are two charities, plus three individual personal beneficiaries. One individual beneficiary was born 3/9/1941, another individual was born 10/14/54, and the last individual beneficiary was born 10/14/54. The charitable beneficiaries will be paid out soon in this year, so that each individual beneficiary can then create their own inherited IRA and use their own stretch. We will then use the Single Life Table, using their ages at the end of 2020.
When an IRA owner dies who is older than 70 1/2 , one option I believe available is to us the life expectancy of the deceased. Is that the Single Life Table or another table? Which table is it? I ask because the oldest individual, at age 79 next year, would have a factor of 10.8 and reducing that by 1 each year, would have only a ten year stretch. I was wondering if the life expectancy table of the deceased could stretch it out longer or if there is another solution with a longer strectch.