Testamentary Charitable Gift Annuity from an IRA
How can a donor create a testamentary Charitable Gift Annuity from an IRA or 401K? Is the creation subject to the acceptance of the IRA administrator or can universal language accomplish this? Finally, if the residual beneficiary of the CGA is a 501(c)(3) charity, would this bypass the necessity of Income with Respect to a Decedent tax?
Submitted by Greg Pierce on Tue, 2018-10-23 13:40