To open a Beneficiary (Inherited) IRA, you will need to complete the Standard Account Application and provide a copy of the death certificate for the deceased person whose IRA you are inheriting.
First, request a digital copy of the Standard Account Application to complete.
When completing section 2 in the application, please note:
You will need to open the same account type as the IRA that you are inheriting - e.g. if you are inheriting a Traditional IRA, open a Traditional IRA; if you are inheriting a Roth IRA, open a Roth IRA
For the Funding Method, select Beneficiary / Inherited IRA
For the Beneficiary IRA Title, please title as: [Your Name], Bene FBO [Deceased Name] (Deceased)
For example: if Jane Smith is inheriting John Smith's IRA, the Beneficiary IRA title should be "Jane Smith, Bene FBO John Smith (Deceased)"