File Your Representative Payee Report. The SSA requires that a representative payee file an annual accounting called the Representative Payee Report. This report details what you, as the representative payee, have done with the beneficiary's funds during the previous year.
You can roll over an inherited qualified annuity. This type of annuity resides in an individual retirement account or employer plan. A nonspouse beneficiary has limited options regarding how to roll over the annuity and when taxes are due.
With this type of rollover, the plan administrator is responsible for moving the balance of your pension account to your IRA. You provide your IRA account information and the plan administrator can transfer the money electronically or cut a check to the institution that holds your account.efore you roll over your pension benefits you'll need to decide which type of IRA you want to set up. You can transfer your money to a traditional IRA or a Roth IRA. If you plan to keep kicking in cash to your IRA after the rollover, a traditional IRA gives you a tax deduction for contributions.