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Ken Behrens
RMD in year of death

IRA rules state that required minimum distributions not already distributed in year of death of IRA owner must be distributed by beneficiary in the same year as the deceased’s death before beneficiary rolls the account over to a new IRA account.


Is custodian of IRA obligated to distribute the funds requested by beneficiary upon receiving a valid death certificate?

Are distributed funds to be distributed to estate of deceased who would be obligated to pay income tax or to beneficiary who would pay tax?
Bird
QUOTE
Is custodian of IRA obligated to distribute the funds requested by beneficiary upon receiving a valid death certificate?


Sure. I'm not sure what other choice the custodian could have.

QUOTE
Are distributed funds to be distributed to estate of deceased who would be obligated to pay income tax or to beneficiary who would pay tax?


To the beneficiary.
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