Gibsonburg, OH asked in Estate Planning for Ohio

Q: Does an electronic deposit made after death from an ira that had beneficiaries go to the estate if the benef is executor

I am exe of an estate. I am beneficiary of funds from Merrill Lynch acct. lawyer said if it was someone else I would have to give the funds to them. He said since I am the beneficiary I have to put it in her estate. The transfer was after death and I had already talked to Merrill Lynch. Is this true? Why would I have to put it in the estate if I am the beneficiary?

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1 Lawyer Answer
Nicholas P. Weiss
Nicholas P. Weiss
  • Estate Planning Lawyer
  • Cleveland Heights, OH
  • Licensed in Ohio

A: You don't. If you are the named beneficiary of the IRA then those are non-probate assets and you can take them directly outside of the estate.

1 user found this answer helpful

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