Gift Planning Tips
Providing for Both Spouse and Charity from an IRA or Other Retirement Account
IRAs and other retirement accounts can be ideal assets for testamentary charitable giving . . . more
Interest Rate Traps for Annuity Trusts
The current low §7520 rates raise the possibility of disqualification of new charitable remainder annuity trusts, even those with modest payouts . . . more
Two Remainder Gifts Worth Considering
Farmers, homeowners and trust beneficiaries all have “hidden” assets that may turn out to be the best choice for charitable contributions . . . more
The Challenges of Trust Administration
Clients considering charitable remainder unitrusts sometimes hesitate to pay the fees charged by corporate fiduciaries, thinking they can serve as their own trustee . . . more
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IGNORE THE NET-INCOME PROVISION, COURT RULES
Stated percentage to be used in valuing charitable remainder unitrusts.
ORGANIZATION REQUIRED TO NAME NAMES
Disclosure serves a compelling state interest, court finds.
TRUSTEE NOT LIABLE FOR PAYMENTS AFTER ANNUITY TRUST’S EXHAUSTION
High payout rate, market conditions – not breach of fiduciary duty – caused decline.
WILL CHANGE NOT DUE TO DIMINISHED CAPACITY
Court finds testator had testamentary capacity when removing daughters from estate.
DONOR’S DEDUCTION GOES EXTINCT
No appraisal, no reliable records and no acknowledgment spell doom.
WILL IS OF TWO MINDS ON UNITRUST PAYOUTS
Court finds general rule of interpreting inconsistencies doesn’t apply.
IRS: NO CHARITABLE PURPOSE IN GROUP’S ACTIVITIES
Tax-exempt status denied for helping undocumented aliens repatriate.
EXTRA TIME GIVEN TO INFORM IRS
Notification required when valuing split-interests with a prior month’s §7520 rate.
October 2015 Archive
• Facilitating “Secret Bequests”
• To Appraise or Not to Appraise
• After the Gift
• Awarding Charity
September 2015 Archive
• Giving Kids the Business
• Mortgaged Real Property and Charitable Remainder Trusts
• Making the Most of Low Interest Rates
• Term-of-Years Trusts and Grandchildren
August 2015 Archive
• Reducing Tax for a Charitable Cause
• Even Volunteers Need to Keep Records
• Charity Benefits Early, but Nothing Extra for Donor
• Watch Timing in Gifts of Stock
July 2015 Archive
• Illegal but Deductible?
• Watch Your Language
• Election Decisions
• Where Two Are Better than One
June 2015 Archive
• Income with a Lower Tax Price Tag
• Exercise Caution with Trustee Powers
• Divide and Conquer Doesn’t Always Work
• When a Deduction Has to Wait
May 2015 Archive
• Stock Gifts: When Are They Complete?
• A Way Around Capital Gains Rules
• Lose by Adding
• Paying Mom and Dad Back the Charitable Way
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