IRA payable to estate with a charitable bequest in LWT
I have a (not subject to estate tax) probate estate that includes an IRA without a designation (defaulting to the estate) or with a designation of the estate. The Will includes several charitable bequests. Can’t I have the IRA payable to those charities (and thus avoid passing this asset through the probate estate)? I remember an IRS ruling on this years ago but cannot find it. Anyone able to provide me support for this? Thanks.
Cathy Mack
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Permalink Submitted by Alan - IRA critic on Tue, 2014-03-25 18:38
You might find some PLRs of interest in this article: http://www.ataxplan.com/bulletinBoard/pdfs/EPStudyXferIRA_Trust.pdf