Timing Can Be Everything in Gift Planning
Savvy charitable gift planning often is a matter of seizing opportunities and acting at just the right time. We encourage donors to call our office before:
- Selling investments at a profit
- Making or amending a will or establishing a living trust
- Selling a business
- Selling real estate at a profit
- Rolling over low-interest CDs or bonds at maturity
- Making a Roth IRA conversion
- Naming beneficiaries for retirement plans or life insurance
Tax-saving opportunities are available that can reduce or avoid capital gains taxes, the 3.8% tax on net-investment income or save state and federal estate and income taxes — or possibly all of the above. Many gift plans can even provide you or a loved one with lifetime income, and tax savings, as well.
The information in the website is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to income tax apply to federal taxes only. Federal estate tax, state income/estate taxes or state law may impact your results.