Throwdownmyaceinthehole
Recycles dryer sheets
- Joined
- May 20, 2012
- Messages
- 421
IRA's should be distributed to the beneficiaries of record by the custodian.
And other accounts also. I have beneficiaries of record on all of my Vanguard accounts and my banking accounts. We previously had the beneficiaries as our trust, but changed all that to simplify. Only thing that goes thru our will is household goods and cars. House is in a Transfer on Death. OP needs to know who is listed as beneficiaries on MIL's accounts. Also my sister and I got life insurance proceeds as beneficiaries on my moms policies, and my brother did not. Insurance just required Death Certificate.
Also I can change the beneficiaries at any time, so OP needs to know if those have or can be changed by POA before MIL passing. Family issues can get messy.