dragon555
New Member

IRA Beneficiary is the Estate

I am the executor of an estate, there was no beneficiary listed at death so it sits in the name of the estate. The decedent was not of RMD age and passed away in 2020. My sibling and I are the only two heirs in the Will. I haven't been able to get a clear answer on the following:

 

1) How long do we have to distribute the IRA?

2) Is a distribution from this account income to the estate?

3) Do we have the option to split the account into two Inherited IRAs in mine and my sibling's name?