The SECURE Act dramatically changed the tax law rules, substantially increasing the income taxes paid by most non-spouse IRA beneficiaries by eliminating the stretch IRA for those beneficiaries. Consider the benefits of using a testamentary charitable remainder unitrust to replace your obsolete stretch IRA plan.
How This Plan Meets Your Goals
You may be looking for a way to provide your children with income while making a gift to Wake Forest. The Give it Twice Trust is a popular option that allows you to transfer your IRA at death to a term of years unitrust. The unitrust will pay income to your family for a number of years and then distribute the balance to charity.
The Give it Twice Trust helps you meet your goals
Please visit Benefits Of Letting Us Know About Your Commitment and Frequently Asked Questions to learn more about including Wake Forest in your plans for the future or feel to contact us.