u/nerdymomwa

WA State

My mother passed and left an ira to be split between her kids. My parents' ameriprise financial advisor says I have to take it all cash immediately and that it will be considered community property.

I'm contemplating divorce and want to keep this money safe. Is the ameriprise advisor correct that i have to take it in one lump sum ? Is this money considered community property?

Edit: I was just corrected that this is a "non-qualified ira" and that is why I have to cash it out immediately.