Gift Planning Tips

Charity as an Income Beneficiary of a Remainder Trust
A charitable remainder annuity trust must pay a fixed annual amount, equal to at least 5% of the value of assets contributed to the trust [Code §664(d)(1)(A)] . . . more

Time for a Roth?
Roth IRAs hold tax and financial appeal for many people saving for retirement . . . more

Tax-Wise Gifts by Trust Beneficiaries
Trust beneficiaries have opportunities to make significant gifts to charities at very low after-tax costs, unless spendthrift clauses stand in the way . . . more

Charitable Planning for Tax Sheltered Estates
With estates up to $11.18 million sheltered from tax in 2018, will any charitable strategies be needed by the vast majority of donors? . . . more


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.


April 2018 Archive
• Gift, Estate and Generation-skipping Numbers Drop Slightly
• Basis or Fair Market Value? It Depends
• Don't Forget "Orphan" Retirement Accounts
• Appreciated Stock vs. Annuities

March 2018 Archive
• Second-hand Philanthropy
• Time to Revisit Formula Bequests
• Make Sure Gifts and Bequests Can Be Used
• Exceptions to the Partial Interest Rule

February 2018 Archive
• Appraisal Rules Obsolete?
• Charitable Bequests: Taxes Aren’t the Only Reason
• Forget the Marital Deduction
• Want to Keep All the Income? There’s a Way

January 2018 Archive
• Exceeding the $12,000/$24,000 Standard Deduction
• Businesses of All Types Are Winners
• Changes Affecting Charities and Charitable Giving
• Charity in Lieu of Alimony?

December 2017 Archive
• April 15: It's Not the Only Tax Deadline to Remember
• If Itemized Deductions Are Cut Back
• Using Closely Held Stock in Charitable Lead Trusts
• Encouraging Younger Family Members to Save

November 2017 Archive
• Change–Your-Mind Options for Charitable Remainder Trusts
• When Does a Term–of–Years Trust Make Sense?
• Accelerating the Remainderman’s Benefit
• Year–End Charitable Gift Planning

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.

Back to Top
Location

200 West Fourth St.
Cincinnati, OH 45202
Directions

Contact

513-241-2880
Email Us