My question relates to changing IRA beneficiaries. The owner of an IRA died in 1999 where his wife was named as beneficiary. His wife subsequently died in 2000. She named her 3 children as beneficiaries. One of the children wants to see if he can disclaim his inherited portion of the IRA and name his daughters as the beneficiaries of the original owner's IRA (their grandfather). Is there any way he can do to this and how? Would the recently announced proposed changes in IRA distribution requirements have any effect?

Attorneys who specialize in estate planning can explain the rules re: disclaimers. As far as I know, someone can disclaim a bequest but can not disclaim in favor of someone else.