MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

How to Offset Inheritance Taxes

31 May 2026 · 1 min

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Mark Kohler walks through managing finances after a spouse dies. He recommends pre-planning charitable donations to offset taxes, converting the deceased's traditional 401(k) to a Roth IRA while you're in a lower bracket, and using charitable offsets to enable larger conversions. Men die first 72% of the time, so leave an organized plan, not a mess.

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When your spouse passes away, there's going to be a little bit of windfall of income and assets that have to be dealt with. Well, you want to jump on that and say, okay, we're going to pre-plan to give money to charity. We're going to convert that old 401 to Roth, take advantage of the lower bracket and offset some of the tax with the charity so we can convert more to Roth because we know that Roth is going to take care of mom. And if you're a man, there's a 72% chance greater you're going to die before your spouse. So you need to be thinking, what am I going to leave my spouse? A mess? Or a plan.