Inheriting an IRA

If you inherit an individual retirement account (IRA) then you may be facing decisions about what to do with this asset.

Inheriting and IRA requires work in the areas of estate planning, financial planning, and tax planning which makes the account a difficult one to handle. You will want to be wise when determining the future of an IRA because the sad truth is that one small mistake could lead to a very expensive chain reaction of consequences.

Most attorneys say that an heir of an IRA account should not do anything