Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 33 years.

In order to make sound financial decisions, you must have a good understanding of the rules. Receiving an inheritance is one of those situations you may have to make decisions that could impact your future finances. If you inherit a Roth IRA, the options you have are similar to that of a traditional IRA, however, there are some differences in the rules.

Before you can decide what to do with an inherited Roth IRA, you need to know what your options are.

Recently, the Wills, Trusts & Estates Prof Blog published an article titled “Options for Inherited Roth IRAs.”

Here is a list of the options identified in that article:

  • Disinherit the IRA.
  • Take a lump sum distribution.
  • Roll it into another inherited Roth IRA.
  • Roll the funds into your own Roth IRA. This last one is available only if you inherited the Roth IRA from a spouse.

Those are your options and you will want to read the original article for more details.

Of course, other rules exist about when you can take distributions. This, however, should give you a general idea so that you can start deciding what you might want to do.

Take no action until you consult an experienced estate planning attorney regarding how these options impact your unique circumstances.

Do You Need To Speak With An Attorney About Estate Planning?

If you need to speak with an experienced estate planning lawyer please contact us online or call us directly at 800.756.5596 to claim your space at one of our free, informative seminars. Your attendance will qualify you for a discount for our estate planning services. We proudly serve clients throughout California with offices in Torrance, Newport Beach, Orange, Woodland Hills and Pasadena.

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