Gift Planning Tips

No Charitable Deduction? No Problem
Tax reform proposals floating around Congress provide for the charitable deduction to be preserved, although if the standard deduction is raised substantially, only a small percentage of taxpayers will itemize . . . more

Comparison of Split–Interest Gifts
The three most popular methods of retaining payments from gifts to charity — charitable remainder annuity trusts, charitable remainder unitrusts and charitable gift annuities . . . more

Going Out of Business Gifts
Clients planning to liquidate a business may want to consider ways to reduce the capital gains tax by making gifts to charity . . . more

Options Abound for Gifts by C Corporations
Owners of businesses operating as C corporations have the opportunity to make gifts from their companies, saving corporate income tax and creating goodwill that helps the business . . . more


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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.


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

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?”


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