I am the executor of an estate where the decedent (he was 60 and he inherited the IRA from his mother the she was 68) had no will, no beneficiaries, and no immediate heirs. Half the estate will be going to about 20 people on his distant fathers side and about 18 on his mothers side. We found an IRA with about $94,000 and I got it moved to an inherited IRA in the name of the estate. I am not going to have all these people open up Inherited IRAs but instead distribute it to an estate account where when I finally get court approval will be distributing it along with the other assets to the heirs in their allocated percentages. My main question is that when I do the distribution should I have the custodian withhold the calculated taxes from that table you have listed at the beginning of the conversation? If so, I am looking at about $35K going to the IRS and $58K net to the estate.
