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A Conversion Could Allow You to Help UT and Yourself The thought-provoking article suggests that converting a traditional IRA to a Roth IRA in 2010 could enable you to help UT and maximize what your heirs will receive. Many commentators have suggested that pairing charitable gifts from non-IRA assets with converting a traditional IRA to a Roth IRA in 2010 may offer significant tax savings and long-term benefits to your heirs. The September 2010 issue of Trusts and Estates magazine contains a thought-provoking article about the outcomes of nine alternative ways to support charitable causes and maximize what is left from IRAs for heirs: "Are IRAs and Charities the Perfect Match?" If you have already converted a traditional IRA to a Roth IRA or are considering doing so before the end of 2010, you will want to share the article with your professional advisers as soon as possible. The article is being used with permission from the publisher. Gift Planning Phone: 512-475-9632 Toll free: 866-488-3927 Fax: 512-471-3439 E-mail: giftplan@www.utexas.edu Copyright © University of Texas at Austin, All rights reserved. The information in this website is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to income tax apply to federal taxes only. Federal estate tax, state income/estate taxes or state law may impact your results. |
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