Gift Planning Tips
Keep the House in the Family with a Private Reverse Mortgage
Reverse mortgages allow homeowners to tap into the equity of their homes, but they can have some drawbacks, including fees, maximum loan ceilings and the inability to bequeath the home to family members . . . more
Home Away from Home
Many people will be sending their graduating seniors to college in a few months. Instead of packing students off to dorms or apartments this year, clients may want to try something more permanent . . . more
Intentionally Incomplete Gifts
Gift taxes are a concern whenever a donor establishes a split-interest gift that makes payments to a non-spouse beneficiary . . . more
Rates Going Up
The §7520 rate for April is 2.6%, the highest since June 2011, when the rate reached 2.8% . . . more
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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.
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
February 2017 Archive
• Elective Shares and Charitable Remainder Trusts
• Ruling from the Grave
• Planning Challenges with Beneficiary Designations
• Tips for Donors Who Can’t Use Deductions
January 2017 Archive
• Striking While the Market Is Hot
• To Family or to Charity?
• Watch the Numbers
• Start the Year Right
December 2016 Archive
• Charitable Options for Revocable Living Trusts
• Take the Pledge
• Gift Annuities and Capital Gains
• “Grandpa, Can I Borrow Some Money for College?”
November 2016 Archive
• Reminders at Year’s End
• Contribute and Replace
• Keep Track of Donor Advised Funds
• Corporations Can Give, Too
October 2016 Archive
• An Option with Options
• Charitable Gifts as Retirement Accounts for Employees
• Special Rules for Gifts of Intellectual Property
• Generosity on the Gridiron
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