While there are no tax benefits, there may be situations in which you want to name a trust as your IRA beneficiary. If properly structured, and in keeping with IRS requirements, an IRA Beneficiary Trust can help ensure that the beneficiaries will effectively use the required minimum distribution “stretch-out” to build wealth for their future.

If you are over 70 ½ years old, you are now allowed to donate up to $100,000 a year tax free from your IRA to a public charity. The IRA Charitable Rollover is now a permanent tool that you can incorporate into your financial planning strategy.