How do I establish an inherited IRA beneficiary distribution account?

Answer by  Chaneygirl (1755)

I would talk to your investment advisor, they can set one up. You can also talk to the advisor who handles the IRA of the deceased. Unless the deceased is your spouse, you probably can't roll over the IRA to your own. You will need to start distributions now.

Answer by  FinanceGuy (82)

Unless you are the spouse of the deceased, the money has to stay in an inherited IRA as different rules apply. You will have to start taking distributions.

Answer by  WetBlanket (10)

If you are eligible to rollover the IRA, then it is usually as simple as completing a ditribution form from the company where the IRA is.