Another Multiple Beneficiary Issue

[Guest RPSS]

If an IRA has multiple primary beneficiaries, must each of the beneficiaries elect the same distribution option? For example, if one beneficiary choses to take a lump-sum distribution, are the others forced to do the same? Or can they each make their decision independent of each other?

[Guest Noel C Ice]

The short answer is "no", if death is before the RBD, which I assume is the case.

I will try to give you a cit to the proposed regulations in a couple of days, but I believe that one beneficiary can elect the five year rule, and another the life expectancy rule.

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Noel C. Ice

www.trustsandestates.net

teleice@Dtrustsandestates.net