Gift Planning Tips
Defective, on Purpose
Assets in inter vivos charitable lead trusts can revert to the donor or pass to family members when the trust ends . . . more
Save by Giving
Code §121(b) allows a $250,000 capital gains exclusion on the sale of a principal residence ($500,000 for married couples) . . . more
A Deduction for "Doing Nothing"
Many people complain about urban sprawl, but certain donors do something about it — and get a charitable deduction to boot [Code §170(h)(1)] . . . more
Giving Authority to Give
The IRS and courts have generally taken the position that, unless an attorney-in-fact under a durable power of attorney has the specific authority to make gifts, the transfers do not qualify under the annual exclusion [Code §2503(b)] . . . 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Alternative to contemporaneous written acknowledgments issued, then withdrawn.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.
June 2016 Archive
• Escaping Tax on Excess Life Insurance
• ESOP’s Charitable Fables
• Leading Donors to Bigger Deductions
• How Long Can Trusts Last?
May 2016 Archive
• For What It's Worth
• These Gifts Require Special Attention
• Borrowing to Make a Charitable Gift
• Love and Charitable Remainder Trusts
April 2016 Archive
• Cash (Saving) Crops
• Life Expectancies and Actuarial Values
• Controlling IRA Distributions from Beyond the Grave
• Charitable Solution to Excess Earnings
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
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