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.
Taking Advantage of the Time In-Between
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charitable estate planning
Assets Can Be “Complicated”. Charitable Gift Planning Need Not Be
Sarah Weaver of the Central Indiana Community Foundation shares insights into charitable gift planning and donor-advised funds.
Could Your RMD Become a QCD?
It is very effective to give money to charity through an IRA distribution sent directly to that charity. Your Required Minimum Distribution is thus turned into a Qualified Charitable Distribution.
2021 – a Good Year for Charitable Planning
2021 happens to be an especially good year for charitable planning. Two tax breaks first signed into law last year are available once again this year.
Earlybird Charitable and Estate Planning in 2021
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...
