Category Archives: Tax & Estate Planning

Individual Retirement Accounts (IRAs) and Donor- Advised Funds

Individual Retirement Accounts (IRAs) and Donor- Advised Funds

Last week, Congress passed and the President signed a $622 billion “tax extenders” bill. One of this year’s biggest surprises was Congress’ willingness to permanently enact a number of tax breaks that, in previous years, were annually sunset for budgetary reasons.

Several now-permanent provisions relate to charitable giving. Perhaps the one receiving the most attention allows for qualified charitable distributions …

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Benefits of DAFs: The Tax-Advantaged Way to Give

Benefits of DAFs: The Tax-Advantaged Way to Give

What if you could enjoy many of a private foundation’s benefits for how you manage your philanthropy, but with even better tax benefits? What if you could establish a single planned giving tool, but have it benefit multiple organizations – and then make changes without involving a lawyer?

While the ease-of-use and flexibility of donor-advised funds make using them very …

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Know the Basics of Donor-Advised Funds

Know the Basics of Donor-Advised Funds

This morning’s Wealth Management section of the Wall Street Journal features a short-but-helpful look at the basics of donor-advised funds under the straightforward title of “Donor-Advised Funds: How Do They Work—And Are They Useful?

The author, Tom Herman, notes a few different ways a donor might use a donor-advised account. One example is of someone who want to …

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Charitable Vehicles: Charitable Lead Trusts

Charitable Vehicles: Charitable Lead Trusts

Charitable lead trusts (CLTs) can be structured in a wide variety of ways.  As a result, they are one of the more complex estate planning tools available.  When well-structured to meet your individual estate plan, a CLT may significantly reduce your estate tax liability, while simultaneously benefiting a valued charity (or charities) for a number of years during your lifetime.  …

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