Archive for May, 2019

It’s good to know what an IRA is, given that so much money comes to charities from IRAs. An IRA is defined in the Tax Code as: a trust established in the U.S. for the benefit of an individual or his/her beneficiaries that meets certain requirements (e.g., is prohibited from investing in life insurance). That’s …Read More

Last time, we looked at the idea of a CRT paying into a second trust. We focused on an example of a charitably motivated parent who wants to provide support for his 49-year-old disabled son. The plan we examined was a 20-year term-certain CRT paying into a second trust that was to provide for the …Read More