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Executor asks whether inherited IRA must be split into separate IRAs

Reported · Written up by our desk · Fund Industry

MarketWatch addressed an executor question about handling an inherited IRA that multiple siblings will share. The reader asked whether they are required to create three new inherited IRAs so the IRA can be divided equally among two siblings. MarketWatch’s item centers on the practical rules an executor needs to follow when administering inherited retirement accounts rather than on any market move or trading product.

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Sources

MarketWatch‘I’m the executor’: My two siblings and I inherited an IRA. Can we just cash it out?
MarketWatch‘I’m the executor’: My two siblings and I inherited an IRA. Can we just cash it out?

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