Charitable Bequest Planning for Donors Who Don’t Face Estate Taxes
Now that only a few thousand estates per year will owe federal estate taxes, what considerations should people keep in mind in planning a legacy to our future?
Friends who face high capital gains tax rates and the new 3.8% net investment income tax might find it helpful to accelerate charitable bequests into lifetime charitable remainder unitrusts that provide them with lifetime payments, charitable deductions and the ability to harvest capital gains inside a tax-exempt trust.
Director of Institutional Advancement
The materials contained on this website are intended only to show some ways by which you can make a charitable gift or bequest and thereby minimize federal tax liabilities, as authorized by the Internal Revenue Code. All examples are of a general nature only and should not be applied to your specific situation without first consulting your attorney or other advisers.