IRA’s have been around for over 40 years, but most investors don’t know what happens when they inherit all or part of an IRA account as a death beneficiary. Taking an
outright distribution of cash as a beneficiary of an IRA upon another’s death is usually a foolish idea.
While spouses have generous options available when named as beneficiaries of IRA’s, things get trickier for
IRA non-spousal beneficiary and multiple beneficiaries of an IRA of a deceased individual. Properly
titling an inherited IRA account is essential in order to assure its continued tax deferred
status and to avoid a punitive tax situation.
We offer a free initial consultation to investors who have sustained unnecessary losses due to
improperly advised IRA account inheritances. For a free initial consultation contact the Law
Offices of Timothy J. O’Connor at (518) 426-7700.
Have a Question?
"*" indicates required fields
- SEC Issues Required Investor Disclosures for Variable Annuities and Variable Life Insurance Contracts
- Airbnb Guest Injuries
- Morgan Stanley Smith Barney Agrees to $5,000,000 Settlement Fund to Benefit Harmed Investors
- Will Contests – Have You Been Shorted by Trickery Involving a Loved One’s Estate?
- Class Action Lead Plaintiff is Successful in Thwarting Effort of Massachusetts Mutual Seeking to Dismiss Claims