Retirement Plan Strategies

Steiner, Bruce D.
January 2008
Journal of Retirement Planning;Jan/Feb2008, Vol. 11 Issue 1, p5
Academic Journal
The article discusses the Internal Revenue Service technical advice memorandum (TAM) regarding the use of Individual Retirement Account (IRA) to fund a pecuniary bequest in the U.S. It explains that the ruling regarding the assignment of a portion of the IRA to the charities did not result in income to the trust. Moreover, the transfer by an estate or trust of an item of income in respect of a decedent by sale or exchange results in the acceleration of the income to the estate or trust.


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