Gift Planning Tips

ESOPS and Charitable Gift Arrangements
Business owners who do not plan to transfer their companies to family members sometimes sell the company to their employees — an act that can trigger capital gains taxes . . . more

Philanthropy and Special Needs Trusts
In general, a charitable remainder trust is permitted to pay the income interest to a noncharitable trust, but only if the trust is for a term of no more than 20 years [Reg. §§1.664-2(a)(5), 1.664-3(a)(5)] . . . more

Funding Considerations with Testamentary Charitable Remainder Trusts
In general, clients have greater flexibility in funding testamentary charitable remainder trusts than the lifetime variety . . . more

Retirement Remainder Trust
A client who wishes to provide retirement security for a personal nurse, housekeeper or other household employee may wish to consider a charitable remainder trust . . . more

 

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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.

COURT RESOLVES DUELING WILL PROVISIONS
Testator couldn’t have intended to give personal property both outright and in trust.

SUCCESSOR ORGANIZATION NOT ENTITLED TO DISTRIBUTIONS
Charitable purposes not the same as that intended by testator.

WHAT’S IN A NAME? NOT $5.5 MILLION
Court voids agreement it finds grossly unfair.

TAX COURT IN GENEROUS MOOD WITH CHARITABLE DEDUCTION
Donors made anonymous cash gifts to their church.

NO SELF-DEALING IN CORRECTING SCRIVENER’S ERROR
Grantors hadn’t intended to create net-income with make up unitrust.

LEAD TRUSTS AND PLEDGES NOT SELF-DEALING
Disqualified persons not personally obligated.

DISQUALIFIED PERSON’S BENEFITS MERELY INCIDENTAL
Storage of artwork on loan won’t be self-dealing, IRS rules.


February 2015 Archive
• Stock Gifts by S Corporation Shareholders
• “Replacing” Assets Earmarked for Charity
• Homes and Farms Only
• Don’t Make the IRS Guess

January 2015 Archive
• 2015 Begins as 2014 Did
• Charitable Remainder Trusts that Last "Just for a While"
• Plan Carefully with Gift Restrictions
• Letting Charity Benefit Early
• End-of-Life Charitable Planning

December 2014 Archive
• Buy the Sports Car or Save for Retirement?
• When It’s Time to Part with Collectibles
• Two Clauses for Every Will
• Not All Stepparents Are Wicked

November 2014 Archive
• Options for Donors Stuck at 2.2%
• Making Lemonade from the Stock Market’s Drop
• What Is and Isn’t a Triggering Event?
• Don’t Let a Good Deduction Go Bad

October 2014 Archive
• Borrowing to Give
• First the Gift, Then the Liquidation
• Time to Check Withholding, While There's Still Time to Adjust
• Remainder Trusts, Lead Trusts and Life Expectancies

September 2014 Archive
• Landing a Deduction for Business
• Comparison Shop with Stock Gifts
• Charitable Ideas for Gen Xers
• Dances and Auctions and Golfing . . . Oh My!