Death Before Owner’s RBD
Spouse may defer payments until such time as year the owner would have reached age 70 1/2. thereafter, RMDs are calculated based upon spouse’s life expectancy by referencing her attained age for the year of distribution in Table V of Treas. Reg. 1.72-9. For each succeeding year, this process is repeated. (RECALC’d)
Upon the death of the surviving spouse:
- If the surviving spouse dies prior to the year in which the owner would have been age 70 1/2, the spouse is deemed to be the owner/participant and a beneficiary is determined as of no later than December 31st of the year following death. Such beneficiary is thereafter entitled to receive RMDs based upon his or her life expectancy under Table V of Res. Reg. 1.72.9. For each succeeding year, the factor is reduced by one.
- If the surviving spouse dies after the year in which the owner would have reached age 70 1/2, RMDs are determined based upon spouse’s attained age in year of death by reference to Table V of Treas.. Reg. 1.72-9. For each succeeding year, the Factor is reduced by one.
Citation
- Prop. Treas. Reg. 1.401 (9)-3 Q&A 3(b)
- Prob. Treas. Reg. 1.401(a)(9)-3 Q&A 5; Prop. Treas. Reg. 1.40(a)(9)-4 Q&A 4(b)
- Prop. Treas. Reg. 1.401(a)(9)-5 Q&A 5(c)(2).
Death After Owner’s RBD
RMD for year of death must be taken based upon decedent’s life expectancy factor. Spouse determines RMDs based upon spouse’s life expectancy by referencing her attained age for the year of distribution in Table V of Treas. Reg. 1.72-9. For each succeeding year, this process is repeated. (RECALC’D)
Upon death of the surviving spouse, RMDs are determined based upon spouse’s attained age in year of death by reference to Table V of Treas. Reg. 1.72 . For each succeeding year, the factor is reduced by one.
Citation
- Prop. Treas. Reg. 1.401()(9)-5 Q$A 59c)(2).
Prop. Treas. Reg. 1.401 (a)(9)-5 Q&A 5(c)(2).