Last week in our Geyer Law blog, Cara Chittenden discussed the fact that estate planning attorneys, CPAs, and financial planners each have a role in helping clients as they prepare to sell a business. It appears, from recent studies, however, that when it comes to...
Donor-advised funds are charitable investment accounts that individuals or families can use exclusively for the support of charities they care about. These funds can be opened with a minimum gift of $5,000 and have significantly lower administrative burden and costs...
Donor-Advised Funds allow parents and children to participate together in choosing charitable causes to benefit, while taking a tax deduction in the year of the contribution.
A recent New York Times article referred to Donor Advised Funds as being a ploy for the rich to use to evade tax. The truth is the opposite – donor advised funds are a very good charitable giving vehicle for all donors.
Charitable planning has always been an important aspect of estate planning and tax planning. Now a new Indiana tax credit has gone into effect..
Strategic business planning requires an annual valuation of business interests.
Charitable Remainder Unitrusts offer tax benefits to the donor. More important – a CRT helps with the now and the later.
Combining RMDs with charitable gifting can lead to major tax savings.
The timing of charitable gifts can make a big difference in both tax planning and gift impact.
The SECURE Act has deferred the time when mandatory withdrawals must be taken from IRA accounts. Still, Qualified Charitable Distributions may be made beginning with the account holder’s age 70 1/2.
