The IRA status is more significant than a CD Rollover status. The Beneficiary can transfer her deceased Mother's IRA into an IRA of her own whether the daughter has an existing IRA in her own name OR opens a new one in her own name. And she will owe no inheritance/estate tax doing so. But she must do this within 60 days from the date that the IRA passes to her as Beneficiary. The money must pass untouched (used) from the name of the Mother to the name of the Daughter, and the Fed allows a 60-day grace period for this to take place in order to maintain the non-taxable IRA status of the money. This is not a CD Rollover. It is an IRA Transfer. This would apply whether the Mother had her IRA money in mutual funds, CD or simple interest-bearing account. There would be no penalties, if the very simple IRA guidelines are followed.
yes if the mother wants to
It would be cruel to file abandonment charges against the father simply because he had no way of picking the child up. Arrangements could have been made. It is time both parents thought of the child and not themselves. If the father tried his best then accept it; if he is a dead beat father and the mother cannot rely on the father then file abandonment charges.
You are contradicting yourself, you are saying you are the beneficiary and yet you are saying "without the beneficiary's approval" . Not making sense. I suggest you discuss this with all parties involved and try to get unanimous apporval. Who really cares what the monument says? Is it worth family tension and the pain of losing a loved one? 4lifeguild
Absolutely
Your mother's son is you or your brother. Your mother's son's daughter is your daughter, or your niece. Your mother's son's daughter's mother is your wife, or your sister-in-law.
No
Answering "If mother in law is beneficiary on single grownup son life insurance policy does the mother have any rights?"
This question is inconclusive it has no correlation or form of obtaining an answer.
mother and daughter has property simple fee no jtwrs mother dies can property be sold
If Tara's daughter is your daughter's mother, and you are a woman, you are Tara's daughter.
Kagome is the mother of Inuyasha's daughter
Yes, a grandmother is a mother. A mother to her daughter. She is grandmother to her daughter's children.