Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Should an IRA be disclaimed to allow it to be distributed according to a will?
She is very wrong.  If the IRA is a traditional, i.e. A pretax IRA (not a Roth), all withdrawals are subject to tax at one's marginal rate. Read that to mean that a large sum can easily push her into higher brackets than normal. If it stayed with her, she'd take smaller withdrawals and be able to throttle her tax impact.  Once she takes it all out, and gifts it to you, no gift tax is due, but there's form 709, where it's declared, and counts against her $5.5M lifetime estate exemption.  There are a few things in the world of finance that offend me as much as lawyer malpractice, going into an area they are ignorant of.