[WSBAPT] Beneficiary Designations

[Katharine P. Bauer]

Situation:
Mom died, Dad committed suicide an hour later.
Dad has huge IRA for which he did not follow through on filing with them
the beneficiary designations we created.  Primary was mom, secondary is
Estate.  This is a taxable estate and we will lose a large percentage of
the IRA to taxes.

Estate legatees/beneficiaries are an adult daughter and trust for disabled
adult son.

Question:   Has anyone ever had a PR "disclaim" a payment from an IRA to
the estate?  (Daughter is PR) The "fallback" beneficiaries in the contract
are the children.  My thought is to force payment outright to kids, allow
them to take over their lifetime,  Son could place his share into a
self-settled trust or ???  Largest IRA - $1 million - holder is not
allowing PR to direct to daughter/SNtrust under terms of Will.  I can go
for a court order.

Just curious about the disclaimer idea.  Not busy enough today to take the
easy route.
-- 
Katharine P. Bauer
Bauer Pitman Lifetime Legal, PLLC
1235 Fourth Ave. East, Suite 200
Olympia, Washington 98501
tel. 360.754.1976
fax. 360.943.4427

 e-mail: kpb at bpblegal.com

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