IRS Letter: Naming Estate as Beneficiary Botched Stretch IRA Option for Heirs
Oct 29, 2020
/
By Denise Appleby, APA, CISP, CRC, CRPS, CRSP
Naming an estate as beneficiary of a retirement account—instead of persons—can eliminate the chance for heirs to stretch distributions over the maximum period possible, shortening the window of tax-deferred growth on their inheritance.