Client is inheriting an inherited IRA from deceased brother
Client is the beneficiary of the deceased brother’s inherited IRA (from their mother), What would my client’s options be?
Client is the beneficiary of the deceased brother’s inherited IRA (from their mother), What would my client’s options be?
Permalink Submitted by Alan - IRA critic on Mon, 2022-01-31 18:56
Client would have the twice inherited IRA retitled showing client as beneficiary of brother, and would be subject to a new 10 year rule if mother passed prior to 2020. If mother passed after 2019 and brother was subject to the 10 year rule, then client must also drain the inherited IRA by the end of the same year that brother would have.