Gift Planning Tips

Spring Statistics of Income Bulletin Shows Upswing in Noncash Contributions
The IRS has released the spring 2014 edition of its always-riveting Statistics of Income . . . more

Gifts of Corporate Stocks Averaged $142,409
The spring Statistics of Income showed an increase in average deductions for a majority of 2011 noncash gifts over 2010 (with the notable exceptions of mutual funds and “other” investments) . . . more

Fate of IRA Gift Legislation Awaits Lame Duck Session
Donors, charities and gift planners likely will have to wait until November or later to learn the fate of qualified charitable distributions from IRAs for 2014, according to Senate Majority Leader Harry Reid . . . more

Hedging One’s Bets on the Longevity of a Bull Market
Many investors are understandably nervous about the future direction of the stock market, amid assertions that stocks are overvalued and that a correction may be just around the corner . . . more

 

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COLLEGE GETS THE GIFTS, KIDS GET THE BILL
Surviving spouse’s failure to fund trusts proves expensive.

DONOR MADE GIFT, DID NOT ESTABLISH TRUST
Agreement permitted sale of gift ranch, subject to conservation easement.

OUSTED EXECUTOR LACKED STANDING IN PROBATE
State’s attorney general charged with protecting charitable interests.

STATE LAW NEGATES “PERPETUITY”
Conservation easement deduction denied.

DEDUCTION NOT LOOKING SO GOOD
Inventory items considered luxuries, not necessities.

TRUST “MARRIAGE” OKAY WITH IRS
One trust will be terminated, one will continue.


June 2014 Archive
• Charitable Gift Opportunities with Living Trusts
• Power of Attorney for Philanthropy
• Charity as the “Ultimate Contingent Beneficiary” of an Estate
• Charitable Bequests of Tchotchkes and Knickknacks

May 2014 Archive
• Solving the “Pre-Arranged Sale” Puzzle
• New Survey on Charitable Gift Annuities
• Should Clients Ever Leave a Roth IRA to Charity?
• Three Gifts Most Charities Won’t Accept

April 2014 Archive
• Tax Reform Proposal Would Shrink Tax Rewards of Giving
• Tax Result of Satisfying a Decedent’s Charitable Pledge
• “Scrivener’s Errors” Can Cover a Multitude of Sins
• CRT Trustee Can Divert Some Trust Payments to Charities

March 2014 Archive
• Senate Members Call for Maintaining Charitable Deductions
• Donors Need Guidance on Beneficiary Designations
• Time to Accelerate Charitable Bequests?
• Farmer Philanthropy

February 2014 Archive
• U.S. Savings Bonds in a Charitable Remainder Trust
• Trends in Charitable Gift Planning
• Can Charitable Remainder Trusts Pay in to Special Needs Trusts?
• CRT Income Beneficiaries Can Give Charity a Slice

January 2014 Archive
• Challenges with Gifts of Intellectual Property
• Nonqualified Charitable Remainder Trusts Worth a Look
• Who Gets Custody of the Unitrust When a Couple Splits?
• Co-investing Charitable Trusts with Remainder Beneficiary’s Endowment