Gift Planning Tips

So Many Choices
When discussing charitable remainder trusts, there are a number of practical decisions clients need to make . . . more

Best Candidates for Qualified Charitable Distributions
Clients who haven’t already taken their required minimum distributions for 2017 might want to consider making their charitable gifts through QCDs from their IRAs . . . more

Minimizing Taxes from Like-Kind Exchanges
Many real estate investors have taken advantage of 1031 like-kind exchanges to defer the payment of capital gains, but may eventually come to the point when they want to take their profits and exit the real estate market, possibly to fund their retirement . . . more

Income Tax Considerations in Charitable Bequests
Where possible, philanthropic clients should bequeath to charity property that would cause tax problems to other beneficiaries . . . more


Be sure to check this site each month for new Gift Planning Tips. If you would like to receive our Gift Planning Tips by e-mail each month, please click here.


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.


September 2017 Archive
• Plan Ahead for Avoiding Tax on Group Term Life Insurance
• Taking the Pledge
• Advancing Lead Trust Payments
• Charitable Gifts That Avoid Year-End Cash Crunch Problems

August 2017 Archive
• Still Going Strong after Five Decades
• Let’s Make a Deal
• S Corporation Shares and Charity
• Special Handling Required

July 2017 Archive
• When Clients Want to Give "Things"
• Combining Marital, Charitable Deductions for Estate Tax Savings
• Coping with a Client’s Spendthrift Children
• Planning for the S-L-O-W Rise in §7520 Rates

June 2017 Archive
• No Charitable Deduction? No Problem
• Comparison of Split–Interest Gifts
• Going Out of Business Gifts
• Options Abound for Gifts by C Corporations

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


Copyright © R&R Newkirk. All rights reserved.

The information contained on this website is written to provide accurate and authoritative information in regard to the subject matters covered. It is published by R&R Newkirk Company with the understanding that in this publication the authors are not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a committee of the American Bar Association and a committee of publishers and associations. Circular 230 Notice: Any U.S. federal tax advice contained in this publication is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein.

Location

200 West Fourth St.
Cincinnati, OH 45202
Directions

Contact

513-241-2880
Email Us