[WSBAPT] IRA question

[Shannon Jones]

Listmates, A client's spouse has died leaving a small ($20k) IRA which has no beneficiary listed. The account administrator has indicated they will pay 100% of the IRA to the "estate"  or that my client can claim ½ directly as community property and the other ½ will pay out to the estate. The surviving spouse is the only heir under the Will, so will receive the entire IRA under either scenario but wants to transfer this to an inherited IRA and further defer tax if possible. Does that mean taking ½ as surviving spouse under a community property claim rather than letting the entire IRA pay out to estate?

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Shannon R. Jones | Attorney
Campbell Barnett PLLC
P: 253.848.3513| F: 253.845.4941
317 South Meridian
Puyallup, WA 98371
shannonj at campbellbarnettlaw.com<mailto:shannonj at campbellbarnettlaw.com>
campbellbarnettlaw.com<https://campbellbarnettlaw.com/>

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