Archive | Estate Planning and Charitable Planning

Choosing a Cause With Care

Prospective donors can find a suitable charity just about anywhere they look. However by doing some homework, you can better distinguish among the many giving opportunities available to you.   What Makes a Charity a Charity?   Generally, a charity is a tax-exempt organization that can receive tax-deductible contributions. To be recognized as a charity, […]

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Using Trusts to Maximize Charitable Giving While Minimizing Estate Taxes

If you’re eager to pass along accumulated wealth to heirs in the most tax-efficient manner possible while also retaining the ability to support a charity either right away or at some point in the future, then a split-interest trust may be just the tool you need. Split-interest trusts are so named because their financial interest […]

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Own a Retirement Account? Keep Your Beneficiary Designations Up to Date

Many investors have taken advantage of pretax contributions to their company’s employer-sponsored retirement plan and/or make annual contributions to an IRA. If you participate in a qualified plan program you may be overlooking an important housekeeping issue: beneficiary designations. An improper designation could make life difficult for your family in the event of your untimely […]

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The Charitable IRA Transfer: Permanent at Last

In December 2015, President Obama signed into law the “Protecting Americans From Tax Hikes Act of 2015.” This new ruling made permanent many tax breaks that had been dubbed “extenders” as taxpayers would have to wait — typically until the last minute — for lawmakers to reinstate them for another year. Among the most popular […]

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Wealth Transfer in a Low-rate Environment

For those fortunate few individuals whose personal wealth exceeds the current estate-tax exemption threshold — $5.43 million for 2015 rising to $5.45 million for 2016 — today’s historically low interest rate environment offers potentially powerful wealth transfer opportunities. Recent low rates of interest have affected two important factors used to value wealth transfers involving trusts […]

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Common Estate Planning Mistakes — and How to Avoid Them

Estate planning can be a minefield of potential missteps, some of which could have far-reaching consequences. Many of the poor choices individuals make when planning for their own future or passing assets to their families are caused by “one-size-fits-all” planning strategies or well-intended advice from family or friends. Following are some common and potentially costly […]

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Charitable Giving Opportunities for Affluent Investors

Key Points Donor-Advised Funds — Offer Convenience and Flexibility Family Foundations — Building a Legacy, Reaping Tax Benefits Private Foundations vs. Supporting Organizations Balance Giving Goals and Financial Planning Family Foundations: Structures Differ, So Do Advantages Points to Remember Affluent investors who are charitably inclined may have specific philanthropic and estate planning goals in mind, […]

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The Delaware Trust Advantage

More professionals, business owners, directors, and wealthy individuals are creating Delaware Trusts. Delaware’s favorable trust laws have made these instruments increasingly popular as an effective planning tool for individuals who wish to protect their assets, minimize taxes, and transfer wealth to future generations. Protect Your Assets In our ever-more litigious society, many professionals are afraid […]

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Washington Hotline – July 29 2014

Washington News House Passes Single Higher Education Credit With a vote of 227-187, the House passed the Student and Family Tax Simplification Act (H.R. 3393). The bill proposes to combine all of the higher education tax credits into a single credit. It was co-sponsored by Rep. Diane Black (R-TN) and Rep. Danny K. Davis (D-IL). […]

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