Article

Disclaiming an Inherited IRA to Allow Spousal Rollover

Author: Robert P. Achenbach (Agricultural Law Press)

Abstract

A recent IRS letter ruling provides guidance where a decedent’s choice of beneficiary for an individual retirement account (IRA) did not provide the most advantageous outcome for the surviving spouse. Fortunately, the beneficiary, a trust established by the decedent, and heirs were able to disclaim their interests and allow the surviving spouse to rollover the inherited IRA to the spouse’s personal IRA, thus avoiding income tax to the trust and the trust beneficiaries.

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How to Cite: Achenbach, R. P. (2019) “Disclaiming an Inherited IRA to Allow Spousal Rollover”, Agricultural Law Digest. 30(4).