<<Hello,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.Teresa
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<