At the time of his death,Gene held a Roth IRA account with his wife as the designated beneficiary.The IRA is included in Gene's gross estate.

Question

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The Roth IRA account is included in Gene's gross estate because he was the owner of the account. However, his wife as the designated beneficiary will have the option to inherit the Roth IRA and can transfer it into her own name without paying any taxes or penalties.

At the Time of His Death,Gene Held a Roth IRA