If the child is the direct beneficiary, then all of the IRA assets go to the child upon the mother's death and are subject to income tax.

If you inherit a checking account with $82,000, then there is no step up in basis.

These issues are extremely complicated.

I think we'll be the beneficiary of getting a look,

No one should go without their medication. If you are a Medicare beneficiary, do not leave the pharmacy counter without your prescriptions.

I am the beneficiary of a lucky break in the genetic sweepstakes.