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wdfifteen's Avatar
 
Join Date: Mar 2008
Location: SW Ohio
Posts: 29,408
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Tax question for the brain trust

So some random guy has everything he owns in a revocable trust except, say $200,000 in a traditional IRA outside the trust. He's not planning to die anytime soon, so he wants access to it until he dies but when he dies he wants about $200,000 to go to a certain government approved 501 c3 charity. If he makes the charity the beneficiary of the traditional IRA, when he dies does the money go straight to the charity without ever being taxed?

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Last edited by wdfifteen; 02-04-2012 at 05:46 AM..
Old 02-04-2012, 05:42 AM
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azasadny's Avatar
 
Join Date: Jul 2002
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Sounds like you need a consult with a tax attorney who's familiar with trusts and your specific state laws. Good question here...
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Old 02-04-2012, 11:15 AM
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Join Date: Nov 2007
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Leave Your IRA to Charity

Worth a read.

Old 02-04-2012, 02:54 PM
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