When the account holder passes away, the beneficiary needs to send us an original copy of the account holders death certificate. Then the account needs to be changed into the beneficiary’s name. They must open an account with us to formally inherit the IRA.

Spouses who inherit an account are not required to open a beneficiary/ inherited account, whereas non- spousal beneficiaries (children, siblings or others) would open up a beneficiary account which is subject to Required Minimum Distributions (RMD’s).

If there are alternative assets in the account, such as property, notes or private placements, they can be moved over into the inheritors account while any retitling documents are being processed. Once the retitling of the asset is finished, CamaPlan requires copies of the documentation.

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