Common use of Inherited IRA Clause in Contracts

Inherited IRA. An IRA maintained for the benefit of a beneficiary/Inherited IRA Owner who has acquired such assets by reason of death of an individual. The Inherited IRA must identify both the deceased individual and the beneficiary/Inherited IRA Owner.

Appears in 8 contracts

Sources: Custodial Agreement, Custodial Agreement, Traditional Individual Retirement Account Custodial Agreement