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Change in beneficiary of an IRA account after death of owner


Guest jseramone
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Guest jseramone

My question relates to changing IRA beneficiaries. The owner of an IRA died in 1999 where his wife was named as beneficiary. His wife subsequently died in 2000. She named her 3 children as beneficiaries. One of the children wants to see if he can disclaim his inherited portion of the IRA and name his daughters as the beneficiaries of the original owner's IRA (their grandfather). Is there any way he can do to this and how? Would the recently announced proposed changes in IRA distribution requirements have any effect?

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