Game Changer! Primary Beneficiary Trumps Spouse’s Community Property Claim on Inherited IRA
Aug 22, 2016
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By Denise Appleby, APA, CISP, CRC, CRPS, CRSP
Some states allow a spouse to inherit a community property share of the deceased owner’s IRA, regardless of the primary beneficiary. In a private letter ruling, the IRS denied a spouse’s claim to an IRA community property interest and rollover because state community property laws don’t apply to IRAs on a federal level.