Inform the financial institution of the death of the account owner. The financial institution will typically require a death certificate.
Request the forms from the financial institution required to retitle the IRA in your name. The forms may vary slightly from institution to institution.
Complete the form with your name, Social Security number and birthday. The name of the decedent, decedent's Social Security number and decedent's birthday are also required.
Submit the form and verify that the IRA is retitled appropriately. Retitled IRAs will have the name of the decedent, date the decedent died and beneficiary's name. For example, if James Sithe died on February 20, 2011, and left his IRA to Jake Sithe, the retitled IRA would read, "James Sithe, deceased Feb. 20, 2011, FBO Jake Sithe, Beneficiary." “FBO” indicates “For the Benefit Of.”