[WSBAPT] Can a foreign heir be named as beneficiary of an IRA

[Jeff at bellanddavispllc.com]

Listmates:

 

Client has a child born in another country.  Child is not a US citizen and
has never been to America.  The client would like to name that child as the
beneficiary of his IRA.  Is this allowed?  What are the income tax
implications?  One suggestion was to simply name the estate as beneficiary
and let the estate pay the income tax.  Have any of you run into this
before.

 

Jeff

 

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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