Gift Planning Tips
Charitable Bequests and IRD
Certain assets such as IRAs, annuity contracts, final paychecks, U.S. savings bonds and remaining payments under an installment sales contract constitute items of income in respect of a decedent [Code §691] . . . more
ABLE Accounts Coming to a State Near You
Four states — Florida, Nebraska, Ohio and Tennessee — are now offering ABLE (Achieving a Better Life Experience) 529 plans, with more plans expected to launch in the coming months . . . more
Is Borrowing an Option?
What if a charitable remainder trust has no cash to make the required annuity or unitrust payments? . . . more
What Is a Qualified Charity? It Depends
A qualified charity for purposes of the income tax charitable deduction is a gift to a state, a possession of the U.S . . . more
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ANNUAL WAIT OVER FOR IRA ROLLOVERS
COURT RECONSIDERS 50-YEAR-OLD PRECEDENT
Extrinsic evidence admissible to determine testator’s intent.
IRS HAS SECOND THOUGHTS
Alternative to contemporaneous written acknowledgments issued, then withdrawn.
LIMITATIONS DON’T APPLY TO TRUST GIFTS, COURT HOLDS
Property purchased with income remains income.
CONSERVATORS CAN’T MAKE CHARITABLE CHOICES
Remainder in special needs trust must pass by intestacy.
CONTROVERSY STILL PENDING WHEN DEDUCTION CLAIMED
Charitable amount not permanently set aside under Code §642(c)(2).
DONORS: 0, IRS: 2
Two appellate courts agree on mortgage subordination to easement property.
July 2016 Archive
• Defective, on Purpose
• Save by Giving
• A Deduction for "Doing Nothing"
• Giving Authority to Give
June 2016 Archive
• Escaping Tax on Excess Life Insurance
• ESOP’s Charitable Fables
• Leading Donors to Bigger Deductions
• How Long Can Trusts Last?
May 2016 Archive
• For What It's Worth
• These Gifts Require Special Attention
• Borrowing to Make a Charitable Gift
• Love and Charitable Remainder Trusts
April 2016 Archive
• Cash (Saving) Crops
• Life Expectancies and Actuarial Values
• Controlling IRA Distributions from Beyond the Grave
• Charitable Solution to Excess Earnings
March 2016 Archive
• Raining on the Grandchildren
• Deferred Charitable Gift Annuities without the Worry
• Real Opportunities in Real Estate Gifts
• Charitable Remainder Trusts to Encourage Good Behavior?
February 2016 Archive
• Plan Early for IRA Rollover Gifts
• When to Choose a Charitable Remainder Annuity Trust
• Advantages of Giving Closely Held Stock
• Charitable Gifts that Thrive on Low Interest Rates
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