Three New Ways to Support AMWA via IRA and Trust Distributions

Some people say that the worst way to donate to a charity is writing a check. Here, we will explain three other methods that will help both you and AMWA maximize the effect of your generosity.

  • Qualified Charitable Distributions from an IRA
    • Traditional IRA, not Roth IRA.
  • Charitable Remainder Trust
    • You control the funds during your lifetime: charity receives donation in probate.
  • Charitable Lead Trust
    • Charity uses funds during your lifetime; then they become part of the estate.

Qualified Charitable Distributions (QCD)
from a Traditional (not Roth) IRA

Alert: please note that two important dates affect your IRA withdrawal timeline: 59 1/2 years of age and 70 1/2. years of age. You may begin taking distributions without penalty at age 59 1/2. If you are 70 ½ years of age or older, you must generally take Required Minimum Distributions (RMDs) from your IRAs.* Required Minimum Distributions are generally taxable income in the year received.

However, a Qualified Charitable Distribution (QCD) allows an individual who is at least 70 ½ years of age to donate up to $100,000 from his or her IRA directly to a public charity without the IRA distribution being included in gross income. Since a QCD is not included in income, the charitable donation is not eligible for a charitable income tax deduction, but the QCD counts toward the RMD for the year.

Benefits of using Qualified Charitable Distributions from IRA

  • Passing donation to charity so you can see it at work during your lifetime.
  • Avoiding bad effects of the Tax Cuts and Jobs Act of 2017 (TCJA) that may make your donation not deductible on Schedule A.
  • Avoiding the 50% penalty for failing to take Required Minimum Distributions (RMDs)
  • Convenience of having an IRA custodian make and send the check to your charity
  • Reducing the Adjusted Gross Income on your tax return and thus lowering the tax owed.
    • Benefits of reducing AGI may include:
      • Reducing the amount of Social Security benefits that are taxable
      • Increasing the medical expense itemized deduction.
      • Reducing the net investment income tax
      • Reducing Medicare premiums

See detail and contact information here.

Qualified Charitable Distribution Detail – printable Qualified Charitable Distributions IRAs Flyer

Charitable Remainder Trust (CRT)

Who, why, how. Donated funds are donated to the charity after the estate goes to probate.

Using a Charitable Remainder Trust (CRT) for “Double Duty”: Retirement and Estate Planning

A Charitable Remainder Trust (CRT) can be an attractive way to make lifetime gifts to a charity, especially in the case of looking where to buy shiba inu coin and how to store it for maximum profits. A charitable gift made during a person’s lifetime can serve as a valuable estate planning technique that offers three important tax benefits and lifetime income to the donor.
This trust is as close to having your cake and eating it too in the world of financial planning.

  • Estate Tax Break : A lifetime charitable gift removes assets and future appreciation from the transferor’s estate
  • Avoidance of Capital Gains: By giving away appreciated securities, the transferor avoids capital gains tax that would have been imposed if the donated assets had been sold.
  • Current Income Tax Deduction:The fair market value of a charitable gift may qualify for an income tax deduction in the year the gift is made.
  • Lifetime Income: to the income beneficiaries (the donor or other entity)

Charitable Remainder Trust (CRT) Detail Flyer: Charitable Remainder ABR Retirement & Estate Planning Flyer

Charitable Lead Trust (CLT)

Who, why, how. Make funds available to the charity; remaining funds to heirs. Donor sees the effects of her donation during her lifetime.

Philanthropic-minded individuals sometimes wish to use their accumulated assets to benefit their favorite charities and family members. Such individuals often want to enjoy the impact of their donations during their lifetime, but wish to have any remaining assets revert to their loved ones upon their death. A Charitable Lead Trust (CLT) is a planning solution that can help in these instances.

A Charitable Lead Trust (CLT):

  • is an irrevocable trust that is created during the donor’s lifetime or upon the donor’s death with the help of an estate planning attorney; and
  • contains provisions that define the term of the trust,
  • typically, either for the donor’s lifetime (or the lifetimes of the donor and spouse), or a specified term of years, or for the life of an individual and a fixed term of years.

Charitable Lead Trust Flyer
For detailed information, please contact:

Jenifer Sapel CEO/President Utor Wealth

Phone 425-354-2892
Mobile 253-970-4935


Address 803 Kirkland Ave Ste.100 Kirkland WA 98033

For referrals to bar associations in your state for trusts, please contact:

Deborah Lagutaris, LL.M. International Taxation and Financial Services, J.D. UC Hastings College of the Law, BA UC Santa Barbara Political Science

Phone 415-806-1903
FAX 888-990-0323


Oakland, CA