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Estates are a Nondesignated beneficiary—what does that mean?

Answered by: 

Question: 
Beneficiaries of an IRA are deceased, does the estate become a beneficiary?
Answer: 

Yes, an estate is a Nondesignated beneficiary. Use the Estate’s EIN, pay out in 5 years.

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Learn more about Deborah Crawford’s Inherited IRAs and Other Year End Issues webinar.

First published on 11/05/2023

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