There are a few options a client can consider when they inherit an IRA from their spouse. The best option for your client will depend upon a variety of factors, and the relevant rules and decision points can be confusing.
To help make the analysis easier, we have created the “Should I Inherit My Deceased Spouse’s Traditional IRA?” flowchart. It addresses common issues that arise when a client inherits a traditional IRA from a spouse:
Updated for 10/15/2021