Access Wealth Senior Advisor Howard Milove, CPA/PFS, was recently featured in NJMoneyHelp, addressing an important estate planning question:
At what age can an IRA beneficiary gain control of an inherited account?
The article focuses on how inherited IRAs are handled when the beneficiary is a minor. Howard explains that minors generally cannot directly control inherited retirement accounts until they reach the age of majority under state law. Until then, a custodian or guardian typically manages the account on the child’s behalf.
He acknowledges that the correct age to consider can be confusing.
Read the full article on NJMoneyHelp: At What Age Can an IRA Beneficiary Get Control of the Account?
