Gift Planning Tips

Cash (Saving) Crops
For some farmers wishing to make significant gifts to charity, their most valuable asset might be their crops . . . more

Life Expectancies and Actuarial Values
IRS actuarial factors are based on average life expectancies and may not be used to value interests where the measuring life is terminally ill [Reg. §§1.7520-3(b), 20.7520-3(b), 25.7520-3(b); Rev. Rul. 96-3] . . . more

Controlling IRA Distributions from Beyond the Grave
Naming a child or grandchild as the designated beneficiary of an IRA allows the distribution of the funds — and the taxes — to be spread over many years, possibly many decades . . . more

Charitable Solution to Excess Earnings
C corporations with more than $250,000 in accumulated earnings and profits ($150,000 for personal service corporations) may be subject to tax at a rate of 20%, in addition to the regular corporate income tax (Code §531) . . . more


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ANNUAL WAIT OVER FOR IRA ROLLOVERS

COURT RECONSIDERS 50-YEAR-OLD PRECEDENT
Extrinsic evidence admissible to determine testator’s intent.

IRS HAS SECOND THOUGHTS
Alternative to contemporaneous written acknowledgments issued, then withdrawn.

LIMITATIONS DON’T APPLY TO TRUST GIFTS, COURT HOLDS
Property purchased with income remains income.

CONSERVATORS CAN’T MAKE CHARITABLE CHOICES
Remainder in special needs trust must pass by intestacy.

CONTROVERSY STILL PENDING WHEN DEDUCTION CLAIMED
Charitable amount not permanently set aside under Code §642(c)(2).

DONORS: 0, IRS: 2
Two appellate courts agree on mortgage subordination to easement property.


March 2016 Archive
• Raining on the Grandchildren
• Deferred Charitable Gift Annuities without the Worry
• Real Opportunities in Real Estate Gifts
• Charitable Remainder Trusts to Encourage Good Behavior?

February 2016 Archive
• Plan Early for IRA Rollover Gifts
• When to Choose a Charitable Remainder Annuity Trust
• Advantages of Giving Closely Held Stock
• Charitable Gifts that Thrive on Low Interest Rates

January 2016 Archive
• Congress Leaves a Year-End Gift
• Blending Income Tax and Transfer Tax Savings
• Best Assets for Funding Testamentary Charitable Remainder Trusts
• Choosing a Term-of-Years Charitable Remainder Trust

December 2015 Archive
• Charitable Giving Translation
• Three Routes to Tax-Free Income from Charitable Gifts
• Paying for a Bequest
• Living Trusts a Good Place for Charity

November 2015 Archive
• Providing for Both Spouse and Charity from an IRA or Other Retirement Account
• Interest Rate Traps for Annuity Trusts
• Two Remainder Gifts Worth Considering
• The Challenges of Trust Administration

October 2015 Archive
• Facilitating “Secret Bequests”
• To Appraise or Not to Appraise
• After the Gift
• Awarding Charit


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