Gift Planning Update

Charities Need to Cash Out Partial IRA Distributions
The most tax-efficient charitable bequest is generally a distribution from an IRA or qualified retirement plan . . . more

Bequests of Savings Bonds to Charitable Remainder Trusts
Clients sometimes are reluctant to cash in U.S. savings bonds (bonds that have reached full maturity) because they don’t want to pay tax on the accrued interest . . . more

Charitable Gift Opportunities with Corporate Bonds
Most articles on inter vivos charitable gift planning focus on the advantages of giving appreciated stocks, mutual funds and real estate, but many donors have corporate bonds in their portfolios as well, which may be just as appealing for making tax-wise contributions . . . more

Should Clients Contribute Commercial Annuities?
Suppose a client has a commercial deferred payment annuity and is considering making an outright gift of the contract to a charitable organization. How much can she deduct? . . . more

Latest Gift Planning Articles from CGTS Analysis & Comment

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.

• Confusion Reigns Under One-Year Estate Tax Repeal
Estate plans with formula clauses need review and revision, including some charitable bequests.

• Charities Receive Bonus Bequests
Residue larger than testator anticipated, so excess passes through residuary second time.

• Donors Lacked Standing to Sue for Misuse of Charitable Gift
Only state’s attorney general has authority to enforce terms imposed.

• Court Finds Donative Intent in Part-Gift Part-Sale Arrangement
Timeliness of appraisal, lack of income tax statement deemed “insubstantial.”

• Formula Clause Not Against Public Policy, Court Finds
Donor wanted everything above gift tax exclusion to go to charity.

• Settlor Had Requisite Mental Capacity to Amend Trust
Multiple amendments, restatement, all refer to original document, court says.

• Court Denies City’s Attempt to Lease Donated Park
No showing continued use impracticable or that property has ceased to serve public interest.

• Merger Doesn’t Mean Charity “Ceased to Exist”
Resulting organization continued the work of original trust beneficiary.

• Early Corpus Distributions Won’t Affect Trust Qualification
Payments to charity only if value of assets exceeds specified amount.

February Archive
Estate Tax Repeal and the Philanthropic Client
Adding Flexibility to CRT Beneficiary Arrangements
Accelerating Benefits to Charity from CRTs
Liquidation of Corporations by Charity

January Archive
Roth IRA Conversion Puzzle a No-Brainer for Philanthropic Clients
Providing Flexibility in Charitable Bequests
Choosing the Right §7520 Interest Rates

December Archive
Charitable Planning Where Federal Estate Tax Is Not a Concern
Federal Income Tax Proposals and 2010 Charitable Gift Planning
Keeping Peace in the Family When Leaving IRAs to Charity
Rest in Peace, Series H and E Bonds

November Archive
Gifts of Appreciated Securities Back in Style?
Guidelines on Gifts of Appreciated Property
Algebraic Solution to Charitable Gift Challenge 
Unitrusts Offer Cleansing Solution for Capital Gains

October Archive
When Clients Wish to Restrict Charitable Gifts
Avoiding Confusion in Charitable Bequest Planning
The “Kiddie Tax” and CRTs for College Education 
Maximizing the Value of Savings Bonds in an Estate

September Archive
Nonqualified Charitable Remainder Trusts Worth a Look
Charitable Estate Planning for Married Donors
Charitable Bequests of “Disadvantaged Property” 
IRS Revises Process for Switch to Public Charity Status

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