How the IRD Deduction Can Eliminate the Need for Deathbed Roth Conversions
Aug 13, 2015
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By Michael Kitces, MSFS, MTAX, CFP, CLU, ChFC
In most instances, an IRD deduction can be just as effective at reducing federal estate taxes as a deathbed Roth conversion. However, deathbed Roth conversions protect better in states with high estate taxes. Here’s how to determine which option is best for your clients.