The Motley Fool Discussion Boards
Investing/Strategies / Retirement Investing
|Subject: Re: withdrawing from IRA after spouse's death||Date: 7/26/2000 1:46 PM|
|Author: tsouth||Number: 23672 of 74759|
A family friend has just passed away and his wife must now makes some financial decisions. They are both past 70 ½ years old and they were withdrawing from each of their IRA's.
Should the wife keep withdrawing from the IRA?
Should/Can the IRA be put into their Living Trust?
How can she avoid Estate Tax on the IRA?>>
I believe that if the wife was the sole beneficiary of the IRA, it can be transfered into an IRA in her name without any tax hit at all. I would contact the IRA broker/investment group and ask about changing the name on the account.
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|