Samantha Spartan's mother, Golda Grizzly, heard how much Samantha liked you as her estate planning attorney, so she has come to you for estate planning! Golda is divorced from Samantha s father Gregory. At the time of her divorce, Golda, who is now 67, received a very nice settlement from Gregory and she is a good investor. Golda has substantial assets and she received a portion of Gregory s former 401(k) plan through aqualified domestic relations order which she rolled over into her IRA. As someone who has devoted a lot of time to volunteering, she would like to leave a substantial portion of her estate to charity, figuring that Gregory will take care of their children, Samantha and Gillian, for the most part. She would also like to leave some money to her five grandchildren who range in age from 3 to 14. Golda's assets are as follows: Condo (no mortgage) $500,000.00 Cash and Investments 1,200,000.00 Goldas IRA 2,000,000.00 Golda s Roth IRA 150,000.00 Golda s Life Insurance 250,000.00 Total Assets $4,100,000.00 Which assets should Golda leave to her charity, Love People Inc. ? Should they be left directly to the charity or in trust? Should the Roth IRA be left to her grandchildren? Would we have to set up trusts for the grandchildren? How much can she transfer to her grandchildren without incurring a gift tax filing? Address Golda's charitable intent and bequeaths to the grandchildren across all her assets. Speak to the tax implications of inherited IRAs versus inherited taxable assets. How would we amend her estate plan? How much in assets can Golda keep in her name? how can we get assets out of her name? If it is not set up as a Grantor trust, how much can Golda fund the trust with without triggering an estate tax return? How much tax will she pays if she exceeds that limit? How will an extended nursing home stay effect her IRA accounts? Can she still leave money to her charity and her five grandkids? Here is the original fact set : Samantha Spartans mother, Golda Grizzly, heard how much Samantha liked you as her estate planning attorney, so she has come to you for estate planning. Golda is divorced from Samantha s father, Grgory. At the time of her divorce, Golda, who is now 67, received a very nice settlement from Gregory and she is a good investor. Golda has substantial assets and she received a portion of Gregory s former 401(k) plan through a qualified domestic relations order which she rolled over into her IRA. As someone who has devoted a lot of time to volunteering, she would like to leave a substantial portion of her estate to charity, figuring that Gregory will take care of their children, Samantha and Gillian, for the most part. She would also like to leave some money to her five grandchildren who range in age from 3 to 14. Golda s assets are as follows: Condo (no mortgage) $500,000.00 Cash and Investments 1,200,000.00 Golda s IRA 2,000,000.00 Goldas Roth IRA 150,000.00 Golda s Life Insurance 250,000.00 Total Assets $4,100,000.00 Samantha Spartan's mother, Golda Grizzly, heard how much Samantha liked you as her estate planning attorney, so she has come to you for estate planning! Golda is divorced from Samantha s father Gregory. At the time of her divorce, Golda, who is now 67, received a very nice settlement from Gregory and she is a good investor. Golda has substantial assets and she received a portion of Gregory s former 401(k) plan through aqualified domestic relations order which she rolled over into her IRA. As someone who has devoted a lot of time to volunteering, she would like to leave a substantial portion of her estate to charity, figuring that Gregory will take care of their children, Samantha and Gillian, for the most part. She would also like to leave some money to her five grandchildren who range in age from 3 to 14. Golda's assets are as follows: Condo (no mortgage) $500,000.00 Cash and Investments 1,200,000.00 Goldas IRA 2,000,000.00 Golda s Roth IRA 150,000.00 Golda s Life Insurance 250,000.00 Total Assets $4,100,000.00 Which assets should Golda leave to her charity, Love People Inc. ? Should they be left directly to the charity or in trust? Should the Roth IRA be left to her grandchildren? Would we have to set up trusts for the grandchildren? How much can she transfer to her grandchildren without incurring a gift tax filing? Address Golda's charitable intent and bequeaths to the grandchildren across all her assets. Speak to the tax implications of inherited IRAs versus inherited taxable assets. How would we amend her estate plan? How much in assets can Golda keep in her name? how can we get assets out of her name? If it is not set up as a Grantor trust, how much can Golda fund the trust with without triggering an estate tax return? How much tax will she pays if she exceeds that limit? How will an extended nursing home stay effect her IRA accounts? Can she still leave money to her charity and her five grandkids? Here is the original fact set : Samantha Spartans mother, Golda Grizzly, heard how much Samantha liked you as her estate planning attorney, so she has come to you for estate planning. Golda is divorced from Samantha s father, Grgory. At the time of her divorce, Golda, who is now 67, received a very nice settlement from Gregory and she is a good investor. Golda has substantial assets and she received a portion of Gregory s former 401(k) plan through a qualified domestic relations order which she rolled over into her IRA. As someone who has devoted a lot of time to volunteering, she would like to leave a substantial portion of her estate to charity, figuring that Gregory will take care of their children, Samantha and Gillian, for the most part. She would also like to leave some money to her five grandchildren who range in age from 3 to 14. Golda s assets are as follows: Condo (no mortgage) $500,000.00 Cash and Investments 1,200,000.00 Golda s IRA 2,000,000.00 Goldas Roth IRA 150,000.00 Golda s Life Insurance 250,000.00 Total Assets $4,100,000.00