My mother has died, and she had a number of IRA accounts in her name for which I am a 50% beneficiary. One was a Roth IRA. The Financial Advisor she was using wants to charge me exorbitant fees just to transfer these accounts into my name; I do not trust them and don't want to use them. My questions are:
- Can I transfer these accounts to my name on my own, or do I need to use a financial advisor or attorney?
- If I can transfer the accounts on my own, what steps do I need to take in order to do so?
- How can I avoid any tax implication? As I understand it, if the transfer isn't done perfectly then I might be hit with a large tax bill. But it's unclear to me what needs to be done to avoid this. (The amount is well under the amount for estate taxes in my state; I am in the USA)