CISP Practice Questions - ABA Certified IRA Services Professional Exam

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An IRA owner names her three adult children as primary beneficiaries with no specified percentages. The plan document is silent on how to split the account. How should the bank pay the proceeds at death?

Equally among the three children To the oldest child first To the children's mother as default To the IRA owner's estate

Correct Answer:

Equally among the three children

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