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[quote=Anonymous][quote=Anonymous]If you’re inheriting a significant sum, get a financial advisor. If you’re inheriting your parents’ deferred retirement accounts for example it’s a bit complicated — you could take all the money at once or you can do it over 10 years but you have to pay the taxes on it once you pull it out. [/quote] The beneficiaries to the IRAs could be trusts so you might not have complete control. With marital deduction trusts the goal is to limit estate taxes and generation skipping trusts the goal is to keep the money within the family and to benefit as many generations as possible. The only way you would know is if you asked. [/quote]
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