What is the IRA Charitable Rollover and how does it work? The Individual Retirement Account (“IRA”) Charitable Rollover is a “Qualified Charitable Distribution” which allows the IRA owner, who is 70 ½ or older, to make tax free gifts of…
It is important to understand the ownership of assets such as bank accounts, investments, retirement accounts, CDs and life insurance policies.
When a new client meets with an estate planning attorney, the first few questions the attorney will ask are:
- What type of accounts are owned?
- Are they owned individually or jointly?
- Is there a beneficiary?