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Help Home Products & Services Investments & IRAs IRA's Can I leave the balance of my IRA to a loved one?

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Can I leave the balance of my IRA to a loved one?

Yes. Be sure to name a beneficiary or beneficiaries on your IRA accounts and keep the information up to date to ensure money left in your IRA is directed according to your wishes. In most cases, naming beneficiaries eliminates the need for your funds to enter probate¹.

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Regions does not give tax advice and IRA tax rules change frequently. For the most updated information visit IRS.gov. Note that special rules apply to IRAs (both Traditional and Roth) that are inherited by a beneficiary. If you are the beneficiary of an inherited IRA, please consult a professional about your specific situation and visit irs.gov for current tax rules.