With the returning growth of IRAs, there will be a dramatic increase in the number of individuals who choose to bequeath IRAs to charity or to testamentary unitrusts. Some of these persons will transfer an IRA to a unitrust for the life of a spouse. Others will transfer an IRA to a unitrust for a term of years or for the lives of children.

What form is required in the actual documents? In order to create a legal transfer of an IRA, profit sharing or 401(k) account to a charity or charitable trust, certain legal procedures must be followed. >> More

Trust made a charitable contribution to Foundation in year two. The trustee intended to make a Sec. 642(c)(1) election to treat the contribution as made in year one but neglected to do so. Thereafter, the trustee requested an extension of time, under Reg. >> More

Abigail Azah is a wonderful and spirited 80-year-old woman. To this day, she still works in her garden, handles all of her finances and plays golf each weekend. In addition to her busy schedule, she also makes time to help at a local homeless shelter. >> More