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Can a beneficiary of an IRA name a successor beneficiary in the state of Colorado?
Wiki User
∙ 15y ago
No. A beneficiary has no authority to name a beneficiary of another's property. Only the principal can name the beneficiary. Generally, if the primary beneficiary declines to accept the inheritance then the gift will lapse and the property will be included in the estate.
Wiki User
∙ 15y ago
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