Suze Orman
👤 SpeakerAppearances Over Time
Podcast Appearances
And whatever all of you do, never make a trust the beneficiary of your HSA because a trust is not a person.
Therefore, a trust or anybody other than your spouse, when they get the money, they will have to pay ordinary income tax on it.
So, yep, you can leave it to your kids, but you do not want to.
You want to spend all that money while you can or do whatever and find other money that you leave them in a more tax-efficient way.
Next question, KT.
Well, that's easy.
Pay the IRS.
I wish we only owed $36,000.
Actually, that's not true.
But wait, I have to tell you a story, everybody.
KT.
So KT was saying something.
We were doing something a few days ago.
And KT said, well, I'll just take it on my taxes and I'll write it off.
Something we were talking about.
I said, KT.
Oh, a charitable donation.
I said, KT, what are you talking about?
right?
I said, we are married.