Inherited Xxxx XXX. If you are a beneficiary who inherits a Xxxx XXX from a deceased Depositor (or deceased Beneficiary), you may maintain the tax deferred status of those inherited assets in an Inherited Xxxx XXX. Contributions are not permitted to be made to an Inherited Xxxx XXX. An Inherited Xxxx XXX may also be referred to as a Xxxx Beneficiary Distribution Account (Xxxx XXX BDA). A beneficiary of an Inherited Xxxx XXX is generally required to take annual minimum distributions from the account.
Appears in 4 contracts
Samples: Custodial Agreement, Custodial Agreement, Custodial Agreement
