My Aunt designated her IRA beneficiary as her Estate (via poor advice from my Grandmother) She passed away at 69 years old a few months ago and my sister and I are the sole heirs in accordance with her will. The bank said that since the IRA’s beneficiary is the Estate, the money then has to be put in the Estate bank account and we are unable to just open inherited IRA’s. Do we have any options or will the IRA be subject to the 39.6% tax I read about. Thanks in advance for any and all information.
