Notice 2008-30's Thumbs Up

In a move that generated considerable joy and surprise,¹ the Internal Revenue Service announced in Notice 2008-30 that beginning this year, a decedent's qualified retirement account can be directly rolled over into a Roth individual retirement account (IRA) for a nonspouse beneficiary, such as a child, sibling or life partner. (See “And the Answer Is … ” p. 30.) Estate planners now have an additional tool using inherited retirement accounts that may provide estate planning and tax