Would you need to prove to an IRA Custodian that a charity was paid out by 9/30 in order to have them not count for the measuring life of RMD calculations?

charity-used-as-measuring-life-of-ira-trustQ: Would you have to prove to an IRA custodian that a charity was already paid out prior to the 9/30 deadline in order to not have them count for the measuring life of RMD calculations?

A: The answer to your question is, YES. However, this may not be necessary if, instead of naming the charity as a primary beneficiary of the IRA Inheritance Trust®, the charity was named for a share of the IRA directly on the beneficiary designation form (not in the trust).  Also, this may not be necessary if a charity is only named in the trust as a second beneficiary and the primary beneficiary receives a conduit trust.


The IRA Inheritance Trust® is a registered trademark or trademark of Kavesh, Minor & Otis, Inc. in the United States and/or other countries. All rights reserved. Image courtesy of njaj at FreeDigitalPhotos.net.

DISCLAIMER: This website is intended to provide legal information only; legal information is not legal advice and you should consult with qualified legal counsel prior to implementing any estate planning. The transmission or receipt of information to or from this Website is not intended to create, and does not create or constitute, an attorney-client relationship. No portion of this site may be reproduced or used in any manner other than for the private information of the site reader without the express written consent of The Ultimate Estate Planner, Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *