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Financial Planning / Tax Strategies


Subject:  Re: inheriting stock Date:  2/28/2014  7:33 PM
Author:  vkg Number:  120301 of 129524

About $30k is in his IRA. I think I recall a way to pass that free of taxes (temporarily). I'm sure the estate attorney will know, but more information is always better. Anyway, thanks again.

Does the IRA have beneficiaries listed or does it go through the estate? If the IRA had beneficiaries, it can be split between the beneficiaries then they can either immediately distribute their portion or, I believe, within 5 years. Only a spouse can roll an IRA into their name.
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