Comments on: Disclaiming an IRA Inheritance http://financialducksinarow.com/1069/disclaiming-an-ira-inheritance/?utm_source=rss&utm_medium=rss&utm_campaign=disclaiming-an-ira-inheritance Articles about retirement savings & income, investing, and income tax Fri, 03 Feb 2012 13:46:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: jblankenship http://financialducksinarow.com/1069/disclaiming-an-ira-inheritance/#comment-1586 jblankenship Wed, 13 Oct 2010 12:44:53 +0000 http://financialducksinarow.com/?p=1069#comment-1586 If you have not accepted the inherited IRA (that is, if you have not taken any distributions or moved the account to an inherited IRA), then you should be able to disclaim. Depending upon how the IRA beneficiary documents were set up, if there was a contingent beneficiary designated, then that person would receive the IRA. If no contingent beneficiary was designated, then the estate would become the beneficiary and it would need to be directed according to the estate's wishes, which may or may not accomplish what you were hoping to. Hope this helps - jb If you have not accepted the inherited IRA (that is, if you have not taken any distributions or moved the account to an inherited IRA), then you should be able to disclaim. Depending upon how the IRA beneficiary documents were set up, if there was a contingent beneficiary designated, then that person would receive the IRA. If no contingent beneficiary was designated, then the estate would become the beneficiary and it would need to be directed according to the estate’s wishes, which may or may not accomplish what you were hoping to.

Hope this helps -

jb

]]> By: s brown http://financialducksinarow.com/1069/disclaiming-an-ira-inheritance/#comment-1579 s brown Tue, 12 Oct 2010 20:52:13 +0000 http://financialducksinarow.com/?p=1069#comment-1579 i am a beneficiary of an ira. i am on disability and cannot afford to lose my health benefits. i want to disclaim the ira and give it to one daughter, i have three. can i do this? i am a beneficiary of an ira. i am on disability and cannot afford to lose my health benefits. i want to disclaim the ira and give it to one daughter, i have three. can i do this?

]]> By: Options For a Spousal Inherited IRA – Getting Your Financial Ducks In A Row http://financialducksinarow.com/1069/disclaiming-an-ira-inheritance/#comment-439 Options For a Spousal Inherited IRA – Getting Your Financial Ducks In A Row Sun, 06 Dec 2009 22:34:03 +0000 http://financialducksinarow.com/?p=1069#comment-439 [...] beneficiaries could disclaim the inheritance, leaving only the spouse (see this article for more information).  Many times, a well-intentioned IRA owner will designate her spouse and a [...] [...] beneficiaries could disclaim the inheritance, leaving only the spouse (see this article for more information).  Many times, a well-intentioned IRA owner will designate her spouse and a [...]

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