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View all items in: Personal Finance Content > Retirement > IRAs
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What happens to my Traditional IRA if I die?

The benefits within your IRA will pass directly to your named beneficiaries without being subject to the estate probate process. If your primary beneficiary is your spouse, he/she has the additional option of "assuming" the IRA (taking over ownership). This option could continue to defer taxes on the IRA even longer.

Related Items
What happens to my Roth IRA if I die?
What is a Traditional IRA? Who can contribute and what are the limits?
KBID 368
Date Modified 6/8/2006
Date Created 4/2/2003
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