Time limit for spousal inherited IRA
New client is a widow. Her husband died six years ago. He had a retirement account with wife named as the only beneficiary. Now the brokerage firm wants to know how she wants the distributions handled. Is it too late to transfer the assets into her account or must it go to his estate first? I have not seen this issue addressed in the literature. RMD is not yet an issue. Thanks for any help.
Mark
Permalink Submitted by [email protected] on Wed, 2020-01-22 21:17
Permalink Submitted by [email protected] on Thu, 2020-01-23 16:14
So basically there is no time limit, statutory or otherwise.
Permalink Submitted by [email protected] on Thu, 2020-01-23 17:17
Correct, no time limit.