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Author: nutsandbolts Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121144  
Subject: inheritance tax Date: 3/12/2009 12:30 PM
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what kind of tax is imposed upon inherited IRA's Is there a $$ amount that specifies the limit.

2nd ques.
I wish to roll over my deceased spouses IRA into my Name and Scottrade insists that I must consider it in my spouses name with the words inherited IRA and my name following and attached to it. A local lawyer told me to have Scottrade roll it over into my name and treat it as my personal IRA. Scottrade WILL NOT permit this.

My reason for the change is that after 54 years of marriage the loss is very painful and this reminder hurts. I am trying to get on with my life and let go of the past. Is it normal for a broker to override a lawyers knowledge of the state they live in. I thought Brokers do not give LEGAL advice.

All comments are welcomed...pro or con.

Brooks
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