Determination of Designated Beneficiary - Tax Law Changes - Qualified Retirement Plans - IRA Inheritance - Distributions

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Determination of the Designated Beneficiary

Under the final rules, the designated beneficiary is not determined until Sept. 30 of the year following the owner's death (the "designation date"). The determination of a designated beneficiary does not assume that a new beneficiary can be named after death. The law requires that an IRA owner must name his or her beneficiaries before death. It allows beneficiaries to decide among themselves -- by either taking benefits before the designation date or executing a valid disclaimer -- who will be the designated beneficiaries of the IRA.

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		See Also Distributions During the IRA Owner's Lifetime Distributions After the IRA Owner's Death