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.
From IRA to Qualified Retirement Plan. You can now roll over distributions from an IRA to a qualified plan, 403(b) annuity, or government 457 plan, thanks to 2002 tax laws changes. But these plans are not required to accept rollovers; each plan has to choose whether or not to accommodate them.