Gift Planning Tips

Maintaining Trust Qualification Requires Ongoing Vigilance
Drafting and executing a charitable remainder trust that meets the requirements of Code §664 is the first step, but there are many other ways trusts can run afoul of the rules . . . more

What Happens Later?
Many donors have discovered the tax advantages of contributing a remainder interest in a home or farm . . . more

Restricting the Use of Contributed Property
Philanthropic clients increasingly seem interested in giving to specific projects or programs of a charity, rather than for the general use of the organization. . . more

Considerations When Making Charitable Bequests
Planning charitable bequests involves more than just determining a charity’s correct legal name and its status as a qualified organization . . . more


The following articles are now available from the latest edition of the Charitable Giving Tax Service Analysis & Comment. To see the complete text, just click here. Archived articles, and the full 1200-page gift planning library are available at no charge if you register and sign in to CGTS-Online.

IRS EXTENDS ANNUITY TRUSTS A LIFELINE
Inclusion of sample language avoids 5% probability test.

COURT DENIES DISTRIBUTIONS OF PRINCIPAL
Trust terms don’t provide for invasion of corpus due to financial need.

CHARITY GIVEN GREATER INVESTMENT OPTIONS
Restrictions resulted in minimal return, hampering decedent’s intent.

FAMILY’S ACTIONS, NOT BUSINESS CLIMATE, CAUSE DROP IN VALUE
Stock exchanged for promissory notes at discounted amount.

COURT REJECTS ATTEMPT TO “SWAP” BEQUESTS
Spouse stuck with IRA and income in respect of a decedent.

NO RELIANCE, NO PLEDGE
Charity’s claim against estate denied.

TAX ON IRD OFFSET BY DEDUCTION
Trust will receive cash from testator’s IRAs.

ORGANIZATION CHANGES USE OF CONTRIBUTED FUNDS
Donors want funds returned if not used as promised.

CHARITY CAN SUE ATTORNEY FOR ERROR IN WILL
Organization was intended beneficiary of instrument.


June 2019 Archive
• Don’t Get Caught in These Charitable Remainder Traps
• Oh, the Charitable Things S Corporations Can Do
• Helping Parents and Charity, Too
• Giving Now . . .  Or Giving Later

May 2019 Archive
• Life Insurance: It’s Not Just for Families Anymore
• Sale to Charity Can Be a Bargain
• Deferred Gift/Immediate Deduction
• Where Two (or More) Trusts May Be Better Than One

April 2019 Archive
• Wise Donors Select Assets Over Cash Gifts
• Helping Grandchildren with Remainder Trusts
• Thoughts About Trustees
• A Trust for Fido

March 2019 Archive
• How Savings Bonds Can Assist Charity
• An Indirect Route to Charity
• Good to Know Before Making the Election
• Interest-Free Loans to Charity

February 2019 Archive
• Beneficiary Forms: Making Them Achieve Clients’ Goals
• Philanthropy—It's Not Just for “Old People”
• Special Help for Some Beneficiaries
• Add Charity to the Marital Deduction

January 2019 Archive
• Having Cake and Eating It, Too
• Planning for Gifts of Unusual Assets
• Start the Year Right
• Charitable Techniques for the Here and Now and the Hereafter

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