IRA Wins Oscar for Best Tax Performance in a Testamentary Charitable Gift
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This event will be offered in person at the Minnehaha Country Club or virtually from your home/office.
The infamous Turkey Dinner will be served starting at 11:30 am. The webinar begins at noon.
Registration for in-person attendance will close at 5 pm on Thursday, November 14th.
Session Information
The IRA is a popular asset and can best be used in the most tax efficient way possible as a deferred charitable gift. In fact, if deferred gifts held Oscar winners, the IRA would win for the best tax performance in a deferred charitable gift. The presentation will highlight the tax rules for lifetime giving including Qualified Charitable Distributions, estate giving and charitable giving. The standard beneficiary designation approach will be covered as well some of the common mistakes with this approach. In addition, the sophisticated approach using a testamentary charitable remainder trust (aka Give It Twice Trust) as the IRA beneficiary will be featured. Examples showing how this can be accomplished without taking away any inheritance from the heirs will be the final – yet most powerful – act in this Oscar winning performance.
About the Presenter
With more than 30 years of experience as a practicing attorney in charitable and estate planning, Johni Hays is a recognized leader with her expertise in charitable gift planning. Johni is an Executive Vice President with Thompson & Associates. In her volunteer time, Johni formed and leads the national RIFT project to support nonprofits who are having trouble getting their donor’s gifts from financial institutions. She’s the retired president of the Charitable Estate Planning Institute and the author of the book, Essentials of Annuities and co-author of two books, The Tools and Techniques of Charitable Planning and Message From the Masters—our Best Donor Stories that Made a Difference. Johni serves on the Smithsonian’s Professional Advisors Network in Washington, DC.
In 2021, Johni was inducted into the National Association of Charitable Gift Planners Hall of Fame and received their Distinguished Service Award in 2020. She also served on its board of directors and has been a charter member of its Leadership Institute. She served on the Editorial Advisory Board for the books Tax Facts on Investments and Tax Facts on Insurance and Employee Benefits. She serves as a founding charitable planning author of Steve Leimberg’s electronic newsletter service, LISI. Johni has been quoted in the Wall Street Journal and has published charitable planning articles in Estate Planning Magazine, Planned Giving Today, Fundraising Success, Life Insurance Selling and the National Underwriter magazines.
Johni is in demand as a national lecturer on estate and charitable planning, probate, living wills, annuities, life insurance, retirement planning and IRAs, as well as income, estate and gift taxation. Johni has been engaged in the practice of law with an emphasis in charitable and estate planning since 1993.
Prior to joining Thompson & Associates, Johni served as the Senior Gift Planning Consultant for The Stelter Company. Prior to that as the Executive Director of the Greater Des Moines Community Foundation Planned Giving Institute. In addition, Johni practiced estate planning with Myers Krause and Stevens, Chartered law firm in Naples Florida, where she specialized in estate planning.
Johni graduated cum laude with a Juris Doctor degree from Drake University in Des Moines, Iowa, in 1993. She also holds a Bachelor of Science degree in Business Administration from Drake University and graduated magna cum laude in 1988. Johni has been a member of both the Iowa Bar and the Florida Bar since 1993. She resides in Johnston, Iowa, with her husband, Dave Schlindwein.
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