An IRA rollover allows people age 70½ and older to reduce their taxable income by making a gift directly from their IRA.
moreAn IRA rollover allows people age 70½ and older to reduce their taxable income by making a gift directly from their IRA.
moreAn IRA rollover allows people age 70½ and older to reduce their taxable income by making a gift directly from their IRA.
moreYou may be looking for a way to provide your children with income while making a gift to Regis Jesuit High School. The "give it twice" trust is a popular option that allows you to transfer your IRA or other asset at death to fund a term of years charitable remainder unitrust. We call this kind of unitrust a give it twice trust because you can use the trust to pay income first to your family for a number of years and then distribute the balance of the trust to charity.
If you have any questions about a give it twice trust, please contact us. We would be happy to assist you and answer any questions you might have.