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For estates subject to the estate tax, inheritors of an IRA will get an income-tax deduction for the estate taxes paid on the account. ... It is possible to list a trust as a primary beneficiary ...
To do so, the IRA creates a trust, then names it as the beneficiary of the IRA. The result is that the trust receives any funds remaining in the IRA when the owner dies. The trust also has ...
With a beneficiary IRA, the account you inherit is transferred to a different IRA that lists you as the beneficiary This is the most tax-effective way to handle an inherited IRA because it shields ...
Many IRA custodians limit available investments to traditional brokerage accounts such as stocks, bonds, and mutual funds. Investments in an asset class such as real estate would only be permitted in an IRA if the real estate is held indirectly via a security such as a publicly traded or non-traded real estate investment trust (REIT). [14]
If a decedent has named his/her estate or a charity as a beneficiary and the 5-year rule applies, no "stretch" payout is possible. If an estate or charity is a beneficiary of a part of the account, the same holds true unless certain remedial measures are taken by September 30 of the year after death.
For example, while most non-spouse beneficiaries must spend down the accounts in 10 years, they only have a required minimum distribution (RMD) each year if the decedent was past the RMD age.
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