What Happens When You Inherit an IRA?

The rules for inheriting an IRA or other qualified retirement account drastically changed at the beginning of 2020. In this brief episode, Attorney Landon Hodges outlines when happens when someone inherits a qualified retirement account from a decedent and discusses things that everyone should be aware of relating to being a beneficiary of such an asset and when doing their own estate planning. This is a clip from a virtual happy hour event originally held on May 12.