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Beneficiary survivorship question

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HW "Skip" Weldon

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Dec 13, 2002, 10:40:03 PM12/13/02
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How long must a beneficiary survive the deceased to inherit property?
Situation is in Georgia.

Specifics: Spouse A died July 2000. Owned small IRA with Spouse B as
beneficiary. No secondary beneficiary named.

Spouse B died 50 days later, before naming a new beneficiary or
retitling the IRA.

Q: I believe that in the absence of a beneficiary the IRA should be
paid to the estate and taxed accordingly. But I don't know which
estate - Spouse A or Spouse B.

Would appreciate either a web site reference or an answer.
Thanks.

-HW "Skip" Weldon
Columbia, SC

Christopher B. Johnson

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Dec 17, 2002, 11:12:06 AM12/17/02
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Question: Spouse dies with IRA naming other spouse as beneficiary, and that
surviving spouse dies 50 days later without claiming the IRA--where does the
IRA go now?

In the absence of something in the IRA contract otherwise, the surviving
spouse's estate would be entitled to the IRA. The executor of the surviving
spouse's estate would make the claim to the IRA administrator.
________________________________________________
Christopher B. Johnson
Russakow, Ryan & Johnson,
A Professional Law Corporation

225 South Lake Avenue, Eighth Floor
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cjoh...@rrjlaw.com

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