In the unfortunate event of the account holder’s death, what is the process for submitting a death notification for an IRA?
In the unfortunate event of an account holder’s passing, you can submit a death notification for an IRA by following these steps:
- Schedule a phone appointment.
- When selecting a service, choose “Death of a Loved One – Phone” under Additional Account Services.
- Prepare a copy of the death certificate.
- You will need this document to submit the death notification claim.
Can a beneficiary continue to contribute to an inherited IRA?
No.
What steps should a beneficiary take to claim inherited IRA funds, and what documentation is needed?
Steps for a beneficiary to claim inherited IRA funds:
- Schedule a phone appointment.
- When scheduling, select “Death of a Loved One – Phone” under Additional Account Services.
- Click here to book your appointment
- Present the death certificate and a valid ID.
- To initiate the claim, the beneficiary must provide a copy of the account holder’s death certificate and a valid form of identification.
- Receive and complete the payment selection form.
- Ascensus, the IRA administrator, will send the designated beneficiary a payment selection form.
- Return the form to Ascensus.
- Once received, Ascensus notifies Operations to process the payout.