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.
An annuity is qualified if it is held in an employer plan or individual retirement account. In either case, you can roll an inherited qualified annuity into an IRA, but different rules apply for spouses versus other beneficiaries.