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THRIFT SAVINGS PLAN WITH NO BENEFICIARY

  • 1.  THRIFT SAVINGS PLAN WITH NO BENEFICIARY

    Silver Most Valuable Member
    Posted 01-16-2023 05:17 PM
    Clients of mine have a brother who passed away at age 64 with a substantial amount of money in a pre tax thrift savings plan. The government has told them that they must remove the funds withing 90 days to the estate.

    Can they create an estate beneficial IRA to roll the funds over to and distribute those funds to the estate checking and then to themselves over the next five years.

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    Gabriel Bentovim
    HOFFMAN & BENTOVIM, CPAs PC
    Commack NY
    631-499-1500
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