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Subject:  Re: Inherited IRA Date:  1/3/2004  11:41 AM
Author:  gpalz Number:  38353 of 96091

Should the new account for my Mom be titled as an inherited IRA (Benificary Distribution Account) or just be under my Mom's name? Im not sure if it makes a difference.

Since my Mom is 74 and has limited income (Ive been supporting her)she originally preferred that the distibution go to me (I was listed as a secondary beneficiary) so I could handle the tax side of things. At the time I didn't think that was possible.

However, I was just reading IRS-590(IRA)to get more familiar with IRA's and on page 34 it seems to indicate that a benificiary can disclaim entitlement. Does anyone know if this is possible? Would the current Institution know?

Thank you once again for your time and words.

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