Inheriting an IRA or Employer-Sponsored Retirement Plan

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When the account owner of a traditional individual retirement account (IRA) or employer-sponsored retirement plan dies, the
remaining funds in the account pass to the named beneficiary (or beneficiaries). Unlike many other inherited assets, these IRA or
plan funds typically pass directly to the beneficiary without having to go through probate. (Probate is the court-supervised process
of administering a will and proving it to be valid.)

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