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Author: Chipsboss Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19380  
Subject: Re: 401K's, IRA's and Estate Planning Date: 4/26/2000 7:36 PM
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for TwoCybers, who wrote It seems to me that if I make a donation while alive I get to deduct that amount from my income, hence it is not taxed. I was under the impression a similar situation existed after death.

http://www.caller.com/primetime/stories/1097berg.htm If the individual is planning to leave assets to charity, IRA assets would be an ideal choice. IRA assets left to charity will reduce both income and estate taxes.

http://www.dtonline.com/pfa/payout.htm -- IRA Payout and Beneficiary Issues, Deloitte & Touche --
Private foundations and charities can also be beneficiaries of IRA assets. Only the IRA owner's life expectancy may be used for determining distributions. By operation of law, the account balance will be distributed to the charitable organization. The owner's estate will not be subject to estate taxes on the amount contributed to the charity, and income taxes will not be levied on the retirement account balance.

Chips, who wanted you to have some references to support your evidently correct impression

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