The new administration has proposed many changes to income tax and transfer taxes. Clients whould consider implementing certain strategies now, before those changes take effect.
Smart Gifting in 2021 Focuses on the Need
Estate planning has “gotten a raise’ in terms of the increased estate and gift tax exemption, but even more important, the effects of the pandemic has focused attention on the need – the needs of family members, and the needs of charitable organizations.
Why Your Favorite Charity and your IRA Ought to Meet
Our tax laws serve as good matchmakers, helping magic happen when your favorite charities and your IRAs “meet”.
When Do Charitable Deductions Make a Difference in Your Taxes?
Post the SECURE Act, charitable deductions can make an even bigger difference to both charities and taxpayers.
In Estate Planning Discussions, Philanthropy Should Get Personal
“Philanthropy can be a differentiator,” the CEO of Exponent Philanthopy tells financial planners. “It can strengthen a client relationships over the long term and even extend to multiple generations.” Yet, in a U.S. Trust survey of 100 people with $3 million or more...
Estate Planning with Both Income and a Charity in Mind
“They aren’t for everyone, but this sort of donation could generate income, Eileen Ambrose writes in Kiplinger’s Personal Finance, referring to charitable gift annuities. Typically a contract between you and your alma mater (or other institution), the charitable gift...
The Indiana Department of Education Can Help in Charitable Planning
The concept is an interesting one, and very much in keeping with the charitable planning goals of certain of our Geyer law estate planning clients - helping both corporations and the well-to-do help their low-income neighbors. The Indiana legislature established...
