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Posted by cballard@tyyni.net on September 28, 2007, 3:59 pm
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> My Dad died last month and my Mother is the sole beneficiary
> of his IRA. I'm having a little trouble understanding the
> requirements for distributions as they apply now and in the
> future to my Mother.
>
> Dad was 82, and had already taken his RMD for 2007. It's my
> understanding that Mom doesn't have to take anything else in
> 2007.
That is correct.
> My confusion comes in trying to determine which table she
> would use next year. She will be 82 on April 23rd.
>
> If she elects to be treated as the owner of the IRA, can she
> use Table II, joint and last survivor expectancy, or is she
> required to use Table I, single life expectancy?
If she elects to be treated as the owner of the IRA, she is
treated as the owner in all respects (including the right to
designate new beneficiaries) and she would use Table III
(Uniform Lifetime Life Expectancy). If she does not make
the election to be treated as owner, she remains the
beneficiary of your father's IRA and would use Table I
(Single Life Expectancy).
--Chris
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