UESTION 1 Samantha Spartan's mother, Golda Grizzly heard how much Samantha liked you as hor 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 Gregorys 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 love some monoy to her five grandchildren who range in age from 3 to 14 Golda's assets are as follows: Condo (no mortgage) Cash and Investments Goldas IRA $500,000.00 1.200,000.00 2,000,000.00 Goldas Roth IRA 150,000.00 Goleas Life Insurance 250,000.00 $4.100,000.00 Total Assets 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 bo 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? UESTION 1 Samantha Spartan's mother, Golda Grizzly heard how much Samantha liked you as hor 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 Gregorys 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 love some monoy to her five grandchildren who range in age from 3 to 14 Golda's assets are as follows: Condo (no mortgage) Cash and Investments Goldas IRA $500,000.00 1.200,000.00 2,000,000.00 Goldas Roth IRA 150,000.00 Goleas Life Insurance 250,000.00 $4.100,000.00 Total Assets 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 bo 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
