Q: I have a
client, age 65, who
passed away and left
her IRA to her
estate. Two nephews
and a niece are
beneficiaries of the
estate. Is there a
way to add
beneficiaries after
her passing? I spoke
with a financial
company, and they
said you need some
type of court order
or ruling to allow
this. They indicated
that it happens and
is allowable, but
gave no further
details. This would
allow us to change
the IRA beneficiary
to the nephews and
niece, and
distribution would
be over 10 years
under the SECURE Act
vs. 5 years.
Answer
Q:
If the owner of an
inherited IRA was
required to take
RMDs from the IRA
prior to his
death, can a
beneficiary who is
younger than age
70 1/2 request
QCDs from the
inherited IRA?
Answer
Q: I
know that the IRS
rules limit us to
one indirect
(60-day) IRA
rollover every
12-month period.
Are Health Savings
Account (HSA)
indirect rollovers
counted as one of
these rollovers,
or are the IRA and
HSA
once-per-12-month
rules separate? In
other words, can
an IRA owner
perform one of
each in any one
12-month period?
Answer
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