Attorney Genia Coleman Lee, with the SWLA Law Center, answers the following questions: Does an inherited IRA become community property in the event of a divorce? If the inherited IRA is rolled over into an account in the name of the heir, and his children are named as beneficiaries, does the wife have to agree?
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When it comes to divorce, one of the most complicated issues that couples face is the division of property. This can be particularly challenging if a couple owns different types of assets, such as an inherited individual retirement account (IRA). This raises the question: does an inherited IRA become community property in the event of a divorce? The answer to this question is not simple and depends on the state's
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