Monday, March 17, 2014

I am a Class D Beneficay to an IRA, what do i eed to claim the money from a bank ? I am not related to this person in any way, the account i...

Question

I am a Class D Beneficay to an IRA, what do i eed to claim the money from a bank ? I am not related to this person in any way, the account is in a New Jersey Bank



Answer

You should ask the bank as in my experience, they all seem to have their own rules about what is required these days....Typically, to transfer the IRA you will need a certified copy of the decedent's Death Certificate and in all likelihood NJ Inheritance Tax waiver.



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