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Both IRA Owner & Beneficiary are Deceased

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Question: 
We had a 68 year old customer who died and left his IRA to his 102 year old mother. She also died a month later. How do I handle this?
Answer: 

The IRA passed to the mother at the time of death and will now revert to the mother's estate.

First published on BankersOnline.com 8/11/08

First published on 08/11/2008

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