[WSBAPT] IRA Payable to Estate - PR"s authority to distribute in kind or cash and distribute cash (with K-1)

[Jeff at bellanddavispllc.com]

Listmates:

 

IRA has no POD beneficiaries, so it becomes an estate asset.  Many residuary
beneficiaries who take in varying percentages.  Administratively, the
Personal Representative prefers to liquidate the IRA and distribute the cash
(per the %) and each beneficiary would receive a K-1.  Does the PR have the
right to liquidate the IRA, rather than offering the beneficiaries the
option of taking their % in kind?  Does the PR have to consider the income
tax consequences of each beneficiary?

 

Your thoughts and/or experiences.

 

Jeff Davis

 

W. Jeff Davis

BELL & DAVIS PLLC

Attorneys at Law
P.O. Box 510

720 E. Washington Street, Suite 105
Sequim WA 98382
Phone: (360) 683.1129 
Fax: (360) 683.1258 
email:  <mailto:jeff at bellanddavispllc.com> jeff at bellanddavispllc.com
 <http://www.bellanddavispllc.com/> www.bellanddavispllc.com
 
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