When I die, my 401(k) will go to my sister, who is 47 years old. The 401(k) is worth about $900,000. Will my sister be able to keep it as a savings plan, or will she need to liquidate it and pay the income taxes due? We live in California.
When I die, my 401(k) will go to my sister, who is 47 years old. The 401(k) is worth about $900,000. Will my sister be able to keep it as a savings plan, or will she need to liquidate it and pay the income taxes due? We live in California.
