I would like to follow-up on this thread.
I am looking for support in segregating the deceased participants account for multiple beneficiaries into individual accounts and then paying them out when each person individually remits their paperwork back. I was thinking they would be treated similar to an alternate payee where it is split then they can take a distribution options. Of course being sure RMD issues are properly addressed and payouts are happening in accordance with those regs.
I know in the original post it said that the accounts were whole and had not been segregated yet, so I was wondering if segregation was a common practice - or if others are waiting to receive distribution paperwork back from all beneficiaries prior to proceeding with a payout.
