Two of the three beneficiaries live in IL. Only one lives in NV. We were told by the bank that we all need to set up "inherited IRA" accounts. One beneficiary in IL went to the same bank and they told him he needed to get a "Letter of Office".
Aren't TOD accounts separate from the will? What is a Letter of Office? Why would the bank require this just to transfer money from one account to another?
Also, what do I need to do to file the will with the Clark County Recorder's office? I have the original copies. Please advise. Thanks for your help!