I’ve decided I no longer want to leave my estate to my children. They are ungrateful brats. How can I set things up to give my money to charity when I die?
Non-probate assets are those assets which do not go into an estate when the owner dies.
However, if you are retired and no longer generating employment income, you should make sure you weigh the financial implications of any potential move.
This is a great time to get organized with estate planning—it will make things a lot easier for yourself and your loved ones.
In general, the best reason to establish a charitable trust, is if you would like to create a long-standing form of charitable giving.
The rise in the stock market over the past several years, teamed with the passage of the SECURE Act two years ago and the scheduled 50% reduction in the size of the federal estate tax exemption four years from now, has resulted in a renewed interest in estate planning for IRA and 401k accounts owned by married couples.