PLR 201924013: Distribution Period for Decedent’s IRA Split Into Four Separate IRAs

In PLR 201924013, the IRS ruled that a decedent’s IRA could be split into four separate IRAs for the benefit of each of the decedent’s children, who were named the beneficiaries of a trust which was the designated beneficiary of the IRA. Under PLR 201924013, the resulting separate IRAs would be considered inherited IRAs, and the life expectancy of the eldest child would be used to determine the distribution period for all four IRAs.

Click here to download full PLR 201924013.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..

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