My Bro died left me his retirement what happens next?

Question

retirement

Answer 1

  (Of course his benefits ended at time of death). Whatever money you get from his will, you will be paying taxes on  for that fiscal year.  

Answer 2

You will need to complete papers to put the money in your name.  If it is a Roth IRA you will not pay taxes and it will be all your money.  If it is a Traditional IRA or a 401 K you will need to pay taxes on the money you inherit.

If the estate is going thru probate and there is an attorney in charge he/she will likely contact the Retirement Plan and have the money either paid out to you.  

Answer 3

Any money distributed to you is taxable in the year that you get it.