They aren't making much money «on paper,» but have a high net worth that is
possibly subject to estate taxes.
Not exact matches
On
estates large enough
to be
subject to estate taxes, a Roth IRA can
possibly reduce
estate taxes
Everything you own, whatever the form of ownership, is
subject to federal, and
possibly state,
estate taxes.
If the beneficiaries are spouse and United Way in equal shares, United Way as the sole surviving beneficiary, gets the entire amount; if 50 % shares, half the IRA goes
to your
estate where it is
subject to estate tax (
possibly) and income
tax definitely.