A Decent Proposal

An owner of a Roth IRA can save on taxes by selling his beneficial interest to an intentionally defective irrevocable trust

Practitioners traditionally have had limited tools to address a taxpayer's individual retirement account. Since amounts in an IRA can be subject to both income and estate taxes at death, many practitioners think it's best to have the IRA paid to or rolled into a spousal IRA. Others believe that the IRA should simply be paid to a charity. Alternatively, other practitioners try to have the IRA payments stretched over a period of time to take advantage of bracket creep. We propose a n

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