Re: Inherited Annuities

Jul 23, 2007 2 Replies


Starting for distributions made after 2006. See


> §402(c)(11), which apparently applies to IRA's as well as
> other kinds of pension trusts.

But to clarify they can't technically roll it over into THEIR OWN account, right? Doesn't it have to be an IRA of the decedent for the benefit of the beneficiary? It can't be trustee-to-trustee transferred into the beneficiaries existing IRA. Is that correct?



>
>
>
>
>
>
>
>
>

Correct. To avoid problems make sure the receiving custodian understands it's an inherited IRA.

-- Phil Marti Clarksburg, MD

Right. It doesn't need to have been set up by the decedent, but a separate IRA set up for this specific purpose. Stu

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required