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Gift Planning Tips

Plan Ahead for Avoiding Tax on Group Term Life Insurance
An employee whose employer provides more than $50,000 of group term life insurance coverage is taxed on the excess coverage under the Uniform Premium Table [Reg. §1.79-3(d)(2)] . . . more

Taking the Pledge
Pledging a charitable gift over several years often allows donors to make larger gifts towards a specific purpose, such as a capital campaign or the establishment of a named scholarship fund . . . more

Advancing Lead Trust Payments
On occasion, the remainder beneficiaries of a non-grantor charitable lead trust may wish to advance their interests by commuting the lead trust — paying charity the present value of its lead interest outright rather than over the trust term . . . more

Charitable Gifts That Avoid Year-End Cash Crunch Problems
The most common way to reduce income taxes is by boosting itemized deductions, and probably the easiest deduction to increase significantly is the charitable deduction . . . more


To download a PDF of the latest gift planning articles from CGTS Analysis & Comment, click here.

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 on the above link. Archived articles, and the full 1200-page gift planning library are available at no charge if you register and sign in to CGTS-Online, using the link on this page.

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.


Gift Planning Tips Archives:

August 2017 Archive
• Still Going Strong after Five Decades
• Let’s Make a Deal
• S Corporation Shares and Charity
• Special Handling Required

July 2017 Archive
• When Clients Want to Give "Things"
• Combining Marital, Charitable Deductions for Estate Tax Savings
• Coping with a Client’s Spendthrift Children
• Planning for the S-L-O-W Rise in §7520 Rates

June 2017 Archive
• No Charitable Deduction? No Problem
• Comparison of Split–Interest Gifts
• Going Out of Business Gifts
• Options Abound for Gifts by C Corporations

May 2017 Archive
• Forecast Calls for Remainder Trust Sprinkling
• Converting and Contributing
• Despite Tax Reform Uncertainty, Some Gifts Still Make Sense
• End-of-Life Charitable Gift Planning

April 2017 Archive
• Keep the House in the Family with a Private Reverse Mortgage
• Home Away from Home
• Intentionally Incomplete Gifts
• Rates Going Up

March 2017 Archive
• The Art of Giving Artwork
• So Foreign, Yet So Near
• Do Mortgages and Charitable Remainder Trusts Mix?
• Baby Boomers Meeting Required Minimum Distributions


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