My mother passed away about 2 years ago very suddenly, she did not have a life insurance policy but did have a variety of retirement accounts totaling about $300,000. My brother and I were listed as beneficiaries but our younger sister was not.
This is not due to any animosity, Mom just wasn't particularly financially savvy and likely never thought about the account beyond her monthly contributions to it. My brother and I have now inherited our halves of the account but are struggling to find a way to give our sister her fair share without having to contend with the huge tax implications of just handing her a lump sum. I'm not trying to dodge the taxes all together or anything, I just want to make sure I'm moving the money in the smartest way possible to minimize the burden on all of us.
What's the best way for the two of us to make sure our sister gets her fair share?
Submitted April 27, 2017 at 11:45AM by BrainDojo http://ift.tt/2pmafRA
