Liability Medicare Set-Aside Arrangement Special Needs Trusts Permissible Distributions

IRA Charitable Rollover Provision Set to Expire 12/31/2011

IRA Charitable Rollover Provision Set to Expire 12/31/2011

Individuals 70 ½ or older are eligible to make a tax-free transfer from their Individual Retirement Account (IRA) to a qualified charity, but this opportunity is set to expire 12/31/2011.  The maximum amount which may be transferred is $100,000. Distributions must be made directly to the charity through the plan administrator and not to a philanthropic fund, split interest trust, charitable gift annuity or a supporting foundation.

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