Estate Taxes Submitted by [email protected] on Thu, 2007-11-01 21:24 Are IRA assets included in the account owner’s estate where “persons” are named as beneficiaries?
Permalink Submitted by [email protected] on Thu, 2007-11-01 21:43
Yes, but not subject to probate.
Permalink Submitted by [email protected] on Thu, 2007-11-01 21:59
If a charity is the named beneficiary, the gross IRA amount is still subject to reporting on a 706, but the charitable deduction will reduce or possibly eliminate a taxable estate.