IRA Death Benefit

[Guest Pat Metallic]

A grandmother had been receiving annual death benefits from her deceased son's IRA since his death in 2002. Before she could receive the 2006 benefit from that IRA, she passed away at the age of 90. Now her grandson is the beneficiary. Should the 2006 distribution be paid to him? If so, should the calculation be based on his life expectancy or hers at the time of death? In otherwords, how should the 2006 distribution be handled? Thanks.

[BPickerCPA]

The grandson needs to take the 2006 distribution. The distributions should have been coming out over the grandmother's life expectancy, and the grandson will continue to take the distributions over the grandmother's life expectancy, as if she were still alive.

[Guest Pat Metallic]

Thank you, Barry.