Gift Planning Tips
Charitable Options for Revocable Living Trusts
Clients with revocable living trusts have several options for charitable giving . . . more
Take the Pledge
Because a charitable pledge or promissory note is merely a promise to make a gift at some future date, donors are not entitled to claim charitable deductions until payments are actually made to the charity [Rev. Rul. 68-174] . . . more
Gift Annuities and Capital Gains
A donor who contributes long-term appreciated assets to fund a charitable gift annuity can spread the recognition of gain over his or her life expectancy, provided the donor or the donor and a survivor are the only annuitants [Reg. §1.1011-2(a)(4)(ii)] . . . more
“Grandpa, Can I Borrow Some Money for College?”
One way for grandparents to help their grandchildren with college expenses while assisting charity is through a term-of-years charitable remainder trust with sprinkle powers . . . more
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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.
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
September 2016 Archive
• A Lifeline for Charitable Remainder Annuity Trusts
• Plan Early for Savings on Medicare
• Customizing Trusts to Meet Clients’ Needs
• Charity to the Rescue for Blended Families
August 2016 Archive
• Charitable Bequests and IRD
• ABLE Accounts Coming to a State Near You
• Is Borrowing an Option?
• What Is a Qualified Charity? It Depends
July 2016 Archive
• Defective, on Purpose
• Save by Giving
• A Deduction for "Doing Nothing"
• Giving Authority to Give
June 2016 Archive
• Escaping Tax on Excess Life Insurance
• ESOP’s Charitable Fables
• Leading Donors to Bigger Deductions
• How Long Can Trusts Last?
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