No. of Recommendations: 0
I meant trustee of the IRA semantically. Is that the correct terminology for a non-spouse inheritor, because I thought so. Correct me, but if inheriting, say a brother's IRA upon his death, the other sibling could never technically own the IRA (in his own name) but remains "trustee" in perpetuity, am I right. Even though it basically amounts to ownership, all intents and purposes.

If you kind folks advice above is correct, on a hypothetical scenario, say a 30 year old brother dies and his 25 year old inherits his IRA (let's say traditional or Roth for that matter), then the 25 year old could or must start taking distributions on it then; I assumed he would then wait until 59 1/2 himself?
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.