No, just you. Any IRA withdrawal is taxed to the owner as regular income. Recipients never pay taxes on gifts they receive. And the givers only pay taxes if the total gifts exceed $12 million.
If I Close My IRA and Give That Money to My Son, Will We Both Have to Pay Taxes on the Money as Income?
Los Angeles County Bar Association
Beverly Hills Bar Association
San Fernando Valley Bar Association
Beverly Hills Estate Planning Council
Beverly Hills Chamber of Commerce