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Can Inherited Roth IRA be merged with existing Roth IRA?
No, the inherited funds (beneficiary IRA) have to remain in inherited (beneficiary) form. So the account/funds can only be distributed out of the beneficary IRA as a distribution or transfer to another alike roth beneficiary account at another firm. However, the deceased account can be transferred into the surviving spouse Roth IRA (or transfer to a beneficiary IRA account). A non-spouse doesn't have this option- they can only transfer to their beneficiary IRA account that they opened.
How does the trustee of an irrevocable trust distribute to the beneficary who is now deceased?
it goes to the next of Kin or to the state as cherity
Can a power of attorney change a beneficary on a life insurance policy in nyc?
Can a power of attorney change a person beneficary on their life insurance policy?
Does inheriting my deceased son's IRA mean I need to set up an estate?
That will depend on how the IRA was set up. It might not be required if your are the listed beneficiary of the IRA.
You are beneficary of your deceased sisters insurance policy but next of kin has disputed?
If you are named beneficiary on the polcicy it is contractually binding. Let them dispute all they want.
Can IRS levy IRA of deceased individual for back taxes owed?
NO! NO! NO! YES! NO!
Who are Jessica Yellin's parents?
Father: Ira Edward Yellin, deceased Mother: Adele Yellin
Is a living widow the beneficiary of her deceased husband's IRA when no other beneficiary is named?
If the deceased has no children, yes. Otherwise the children share in his estate. This may vary by State.
The beneficiary died after the policy holder who is also deceased Who is the beneficary spouse or children from previous marriage?
When the policy holder dies, the money goes to the beneficiary. If the beneficiary then dies, THEIR beneficiary then gets the money.
Can a person drive deceased person legally?
can a person drive a vehicle of a deceased person that is deliquent in payments
Can you file a deceased person on your taxes?
No. A deceased person is not a taxable person. and as such it cannot be filed as taxable person or entity.
Is money left to you as beneficiary on a pension taxed?
Distributions will be subject to income tax to the same extent they would be if the deceased had taken them. Roth IRA distributions will be tax-free even if the deceased did not live to age 59 1/2 (except for earnings withdrawn before the fifth year of the Roth IRA).
