SUCCESSOR BENEFICIARIES
01.Core Concepts
• Successor beneficiary when the original account owner died before January 1, 2020 • Original beneficiary followed lifetime distribution option • Successor beneficiary must continue annual distributions and make a full distribution by the 10 th year following the original beneficiary’s death • Successor beneficiary when the original account owner died after December 31, 2019 • Original beneficiary followed 10-year distribution • Successor beneficiary will complete the original 10-year period • Original beneficiary followed lifetime distribution option • Successor must continue annual distributions and make a full distribution by the 10 th year following the original beneficiary’s death OTHER BENEFICIARY CONSDIERATIONS • Special consideration for inherited tax-advantaged retirement accounts • Inherited Roth IRAs and Roth accounts (in a qualified plan, 403(b), or 457(b)) • Rollovers from inherited accounts to Roth IRAs and Roth accounts • Tax treatment of inherited NUA accounts • Stretch IRA concepts and strategies • Protection rules for inherited retirement accounts