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Father passed Traditional IRA assets to Mother at death. Mother
Father passed Traditional IRA assets to Mother at death. Mother now passes Traditional IRA assets to her three children at death, and they have established three separate inherited IRA accounts. IRA c… read more
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Lev
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Hello. I am confused about the need for IRS form 1041. After
Hello. I am confused about the need for IRS form 1041. After my mother died, I used the Small Estate Affidavit to claim her BofA savings account worth about $45K. I placed the $45K into a Trust Distri… read more
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I am in California. My mother passed away in April of this
I am in California. My mother passed away in April of this year. She has a BofA 12month Featured IRA in the amount of about $17,000. I have just filed a claim for it via a Small Estate Affidavit since… read more
Lev
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My wife is facing a dilemna with her surviving brother over
My wife is facing a dilemna with her surviving brother over her deceased brother's IRA. The deceased brother formed a "qualified" trust (for purposes of example, let's call it the 'William Trust benef… read more
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My mother established a revocable family trust. She died on
My mother established a revocable family trust. She died on 01/15/2011. She had a little over $1 mill in assets. My brother, sister, and I are the beneficiaries. On July 12, 2011, my brother died and … read more
socrateaser
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My Mother passed away recently. Her estate includes a small
My Mother passed away recently. Her estate includes a small IRA (approximately $24,000). Do we avoid paying taxes on the funds if we roll our share (I have 2 siblings and we are each designated benefi… read more
Stephen G.
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My wifes brother recently passed away without a will (8/10).
My wifes brother recently passed away without a will (8/10). She is the excecutor of his estate. She, her brother, and mother are named beneficiaries for his IRA, C/D's, checking and savings. What are… read more
Lev
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My mother just died and left 3 IRAs to myself (retired, age
My mother just died and left 3 IRAs to myself (retired, age 63) and my brother (still working, age 58). How should we take these IRAs? I understand if we just take the money, we will owe taxes on the … read more
Gerri A Harrison CFP EA
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My brother and I recently lost our mom. We inherited 700K
My brother and I recently lost our mom. We inherited 700K through the recent sale of her home, Cds, IRAs, stocks-all of which we cashed out (at my brother's request). I now have $350K ( my half) which… read more
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My father died in 1/2008. He had a number of traditional IRAs,
My father died in 1/2008. He had a number of traditional IRAs, that named his estate as the beneficiary. The intent was for the estate to fund a trust that would pay out to his grandchildren over time… read more
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My sister died intestate. She was the beneficiary of our mothers
My sister died intestate. She was the beneficiary of our mother's inherited spousal IRA. I am the administrator of her estate. I have received 2 different opinions on whether the transfer of the IRA o… read more
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In 2006, after the death and probate of my mothers will,
In 2006, after the death and probate of my mother's will, I inherited a trust (held in Penn) of less than $200,000. That trust was liquidated and immediately invested in Mutual funds. Later, I withdre… read more
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My mother died recently, leaving six daughters as her ...
My mother died recently, leaving six daughters as her beneficiaries on her will (everything divided equally). She had an IRA of $100,000 the beneficiary list only shows 2 of the daughters. I know that… read more
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My mother passed away and left behind a 401k and IRA ...
My mother passed away and left behind a 401k and IRA accounts. There are 3 bene''s, all equal shares, and we are not sure on our options - have been told that we need to open an "inherited" IRA and be… read more
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I am a pay-on death beneficiary of a savings account.
I am a pay-on death beneficiary of a savings account. If I close the account, will the money be considered additional income to me that I have to pay income taxes on?… read more
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IS POST AND PREJUDGEMENT INTEREST TAXABLE ON COURT
MY FATHER PAST AWAY IN 1998. HE LEFT MY STEP MOTHER, MY HALF BROTHER AND I , EQUAL SHARE OF A TRUST ACCOUNT ($900,000). MY STEP MOTHER OPPOSED ME RECEIVING A SHARE($300,000). SO AFTER 8 YEARS IN THE C… read more
Lev
Lev
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My brother and I are due my mothers IRA because of her ...
My brother and I are due my mothers IRA because of her death this year. The amount is 350,000 and she did not name either of us as a beneficary. The account is at Schwab and they have told me that I, … read more
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Christopher Phelps
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My mother died in January with less than $50,000 total ...
My mother died in January with less than $50,000 total worth. $35,000 of this was put in an IRA annuity just before she died at the recommendation of our banker. It is only my sister and I and we simp… read more
Zhicheng Lai
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