Denise Appleby- Author, Speaker on IRAs & Employer Retirement Plans; Consultant, and Trainer of Choice for Financial and Tax Professionals
Beneficiary IRA Transfer Assistance
For a beneficiary who wants to maintain tax-deferral of an inherited IRA or other inherited retirement account, making the wrong election or signing the wrong form can result in the inherited amount becoming immediately taxable. This mistake can be costly and often unfixable. Avoid this mistake by using The Appleby Beneficiary Transfer Assistance Program.
Appleby Beneficiary Transfer Assistance Program helps beneficiaries
avoid ‘unintentional distributions’ and unintentional beneficiary
Denise Appleby’s Beneficiary Transfer Assistance Program includes the following:
in all conference calls regarding the inherited IRA with you and the
IRA custodian. Ideally, this should start before the IRA custodian
processes any transactions that involve the inherited IRA, and continue
after if necessary.
any and all emails, faxes and any other written communication from you
to the custodian of the decedent’s IRA. This too should start before
the IRA custodian processes any transactions that involve the inherited
IRA, and continue after if necessary.
with you to help ensure that any IRA established to receive the
inherited IRA assets is properly established to receive transfers from
the inherited IRA.
Working with you to ensure that transactions that are intended to be transfers do not get processed as distributions.
Determining whether any required minimum distribution (RMD) must be taken for the year in which the IRA owner died.
spouse beneficiaries, explaining the distribution options that apply,
and which option may be used to avoid the 10% early distribution penalty
if applicable, and which option would result in the least amount of
distribution where possible.
Explaining the distribution options that apply to the beneficiary(ies) of the IRA.
The Beneficiary Transfer Assistance Program does not include
tax advice or legal advice.. Clients who use the Beneficiary Transfer
Assistance Program agree that they have sought or will seek tax advice
and legal advice regarding the inherited IRA.
Please contact Denise for assistance with your beneficiary transfer or beneficiary rollover from an employer sponsored retirement plan.
Fixing a mistake:
If a mistake has already been made with an intended transfer and
correction assistance is required, the fee starts at $2,500 and the
final fee depends on the complexity of the error and the steps required
to pursue a correction with the financial institution.