Are there any concerns about leaving an IRA to charity through the IRA Inheritance Trust® when there are no other heirs at law?

ira-inheritance-trust-charityQ: If an IRA owner has children and will most likely not have any grandchildren, is there any issue with having the IRA go to a charity?

A: If the client wishes to maximize the stretchout for his or her children, while also keeping the option to toggle the trust to an accumulation trust, then you cannot have a charitable beneficiary named in the trust (or the estate).  The compromise here would be to keep the IRA Inheritance Trust® only as a conduit trust and remove the toggle switch feature.


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