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Subject:  Re: withdrawing from IRA after spouse's death Date:  7/26/2000  1:46 PM
Author:  tsouth Number:  23672 of 87994


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.

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