George Fox University | Office of Development | Estate and Planned Giving | Resources for Professional Advisors

Estate Tax Repeal and the Philanthropic Client
The current estate planning chaos – created by failure of Congress to fix the federal estate tax and generation-skipping tax mess before one-year repeal took effect January 1 – extends well beyond clients who have transfer tax exposure . . . more

Adding Flexibility to CRT Beneficiary Arrangements
Priscilla has established a unitrust that will pay her income for life, then continue payments to her three children, limited to a maximum of 20 years following her death . . . more

Accelerating Benefits to Charity from CRTs
A recent private letter ruling (PLR 200950032) permitted the beneficiary of a charitable remainder annuity trust to reform the trust to allow limited annual distributions of principal to the remainder beneficiary, assuming that annual trust values exceeded a certain amount . . . more

Liquidation of Corporations by Charity
Owners of C corporations – particularly those with personal holding companies – may propose contributing their businesses to charitable remainder trusts, or perhaps outright to a charity, with the expectation that the trust or charity will liquidate the corporation . . . more

The following are recent court rulings as discussed in the bimonthly Analysis and Comment section of CGTS-Online. To read further, click here to log in or register for the Service. If you are already registered with CGTS-Online but are visiting this site for the first time, please re-register on the George Fox-sponsored version. Archived articles for Analysis and Comment can also be found in CGTS-Online.

To download a PDF of the latest gift planning articles from CGTS Analysis & Comment, click here.

• Trustee’s Aggressive Investing Appropriate, Court Says
Case illustrates hazards of high payouts coupled with lengthy trust term.

• Estate Taxes Devour Lead Trust
Court finds testator intended to benefit family more than charity.

• Too Late for Will Contest, But Tort Claim Wins
Charity challenges both inter vivos and testamentary transfers.

• “Financial Meltdown” Justified Lifting Gift Restriction
Temporarily removing limits on endowment allows university to continue operating.

• Partial Disclaimer in Charity’s Favor Not Against Public Policy
IRS claimed allowance of deduction provided disincentive to audit estate returns.

• Contribution of Air Rights Was Not Qualified Conservation Easement
Grantor’s covenant would not have provided protection for certified historic structure.

• Taxpayer Gets Deduction When Charity “Keeps the Change”
Buyer’s ability to receive cash discount makes gift charitable.

• Payouts Stable for Gift Annuities
Recommended rates to stay at current level.

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