Gift Planning Tips

Appraisal Dos and Don’ts
Clients who are claiming charitable deductions for noncash gifts in excess of $5,000 ($10,000 for closely held stock) are required to obtain qualified appraisals . . . more

Controlling from the Grave
A client who creates an inter vivos charitable remainder trust to benefit a family member can retain the right to revoke the beneficiary’s interest by will . . . more

So Foreign, Yet So Near
Clients’ charitable interests sometimes extend beyond the U.S. borders, which may affect the deduction allowed . . . more

Choosing Charitable Trustees
There are basically three choices of trustees when creating a charitable remainder trust . . . 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.

COURT RESOLVES DUELING WILL PROVISIONS
Testator couldn’t have intended to give personal property both outright and in trust.

SUCCESSOR ORGANIZATION NOT ENTITLED TO DISTRIBUTIONS
Charitable purposes not the same as that intended by testator.

WHAT’S IN A NAME? NOT $5.5 MILLION
Court voids agreement it finds grossly unfair.

TAX COURT IN GENEROUS MOOD WITH CHARITABLE DEDUCTION
Donors made anonymous cash gifts to their church.

NO SELF-DEALING IN CORRECTING SCRIVENER’S ERROR
Grantors hadn’t intended to create net-income with make up unitrust.

LEAD TRUSTS AND PLEDGES NOT SELF-DEALING
Disqualified persons not personally obligated.

DISQUALIFIED PERSON’S BENEFITS MERELY INCIDENTAL
Storage of artwork on loan won’t be self-dealing, IRS rules.


March 2015 Archive
• ESOPS and Charitable Gift Arrangements
• Philanthropy and Special Needs Trusts
• Funding Considerations with Testamentary Charitable Remainder Trusts
• Retirement Remainder Trust

February 2015 Archive
• Stock Gifts by S Corporation Shareholders
• “Replacing” Assets Earmarked for Charity
• Homes and Farms Only
• Don’t Make the IRS Guess

January 2015 Archive
• 2015 Begins as 2014 Did
• Charitable Remainder Trusts that Last "Just for a While"
• Plan Carefully with Gift Restrictions
• Letting Charity Benefit Early
• End-of-Life Charitable Planning

December 2014 Archive
• Buy the Sports Car or Save for Retirement?
• When It’s Time to Part with Collectibles
• Two Clauses for Every Will
• Not All Stepparents Are Wicked

November 2014 Archive
• Options for Donors Stuck at 2.2%
• Making Lemonade from the Stock Market’s Drop
• What Is and Isn’t a Triggering Event?
• Don’t Let a Good Deduction Go Bad

October 2014 Archive
• Borrowing to Give
• First the Gift, Then the Liquidation
• Time to Check Withholding, While There's Still Time to Adjust
• Remainder Trusts, Lead Trusts and Life Expectancies