Ira
Learn how IRAs fit into estate planning strategies. Discover tax benefits, beneficiary designations, and ways to preserve wealth for future generations.
What happens to an IRA when the owner dies?
When an IRA owner passes away, the account transfers to designated beneficiaries based on the beneficiary forms on file with the financial institution. Beneficiaries can often stretch distributions over their lifetime, potentially allowing continued tax-deferred growth. The specific rules and options available depend on the type of IRA and the beneficiary's relationship to the original owner.
