The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: non spouse IRA beneficiary||Date: 7/1/2000 7:52 PM|
|Author: dingue||Number: 37087 of 122300|
Can the beneficiary of an IRA be changed from a spouse to a daughter?
The owner is already taking required minimum distributions from the IRA and wishes to change the beneficiary.
The non-spousal beneficiary would then inherit
the IRA? Upon the death of owner, what options will
the daughter have? Continue receiving owner's same
minimum distributions even thought she is below
required age , or will distributions stop until she
herself is at the required age?
What will she have to do besides naming her own
beneficiary? Does the IRA still stay in original
owner's name? etc.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|