News & Analysis as of

Charitable Remainder Trust

Adler Pollock & Sheehan P.C.

Insight on Estate Planning - June/July 2019: A win-win proposition - A charitable remainder trust benefits you and your favorite...

Charitable remainder trusts (CRTs) have been around for decades, and they continue to be a viable estate planning strategy in the wake of the Tax Cuts and Jobs Act and other recent tax legislation. This article details how a...more

Adler Pollock & Sheehan P.C.

Insight on Estate Planning - June/July 2019

In This Issue: - A win-win proposition -A charitable remainder trust benefits you and your favorite charity - When to elect the alternate valuation date - Do you know when an FBAR must be filed? - ESTATE PLANNING...more

Thompson Coburn LLP

[Webinar] Charitable Giving for Institutions of Higher Education - May 29th, 1:00 CT

by Thompson Coburn LLP on

It is no secret that many colleges and universities rely on charitable giving from alumni and other individuals and groups to assist with operational costs that may not be covered by tuition. Higher education institutions,...more

Ryley Carlock & Applewhite

Protect Your Assets Through Charitable Giving And Advanced Wealth Planning

by Ryley Carlock & Applewhite on

Introduction - According to the Giving USA Foundation, Americans donated more than $390 billion to charities in 2016. Are you one of those individuals who supported your favorite charitable organizations? If so, you should...more

Snell & Wilmer

The Pass-Through Income Deduction for Charitable Remainder Trusts

by Snell & Wilmer on

On January 18, 2019, the Internal Revenue Service (IRS) issued final regulations implementing the new pass-through income deduction for qualified business income (QBI) received from pass-through entities (such as sole...more

Hellmuth & Johnson

Charitable Giving Under the Tax Cut & Jobs Act - 2018

by Hellmuth & Johnson on

Obtaining a charitable deduction under the TCJA will be more difficult to achieve for many taxpayers. According to one reliable estimate only about 18 million households will itemize, down from 46.5 million households in...more

Gerald Nowotny

Malta Mambo - Using Malta Pension Plans as An Alternative to the Charitable Remainder Trust

by Gerald Nowotny on

In the early 1990’s while attending the University of Miami School of Law, aka Harvard of the South, I worked in the Miami Agency of the National Life of Vermont (NLV). The Company always had a strong propensity towards...more

Adler Pollock & Sheehan P.C.

Charitable giving in a post-TCJA world: What you need to know in the wake of the new tax law

The Tax Cuts and Jobs Act (TCJA) will have a significant impact on estate planning and related aspects, such as charitable giving. Even though the TCJA reduces tax incentives for making charitable donations for some people,...more

Adler Pollock & Sheehan P.C.

Estate planning for your business: Use an ESOP to properly address your closely held company

If a substantial portion of one’s net worth is tied up in his or her closely held business, it’s critical to have an exit strategy. This article explains why an employee stock ownership plan is one tool that offers a...more

Bradley Arant Boult Cummings LLP

Family Business Interests, Charitable Remainder Trusts and Life Insurance: Q & A with Capital Strategies Group

Bradley’s Family Owned Business team asked our friends at Capital Strategies Group, Inc. to share a case illustrating how high-net-worth families involved in family businesses are using life insurance in creative ways that go...more

Stinson LLP

Emerging Trends Newsletter - Q4

by Stinson LLP on

The Volcker Rule Under the Trump Administration - The so-called Volcker Rule—named after Paul Volcker, a former chairman of the Federal Reserve Board—was part of the Dodd-Frank Wall Street Reform and Consumer Protection...more

Gerald Nowotny

Looking over the edge of the Cliff - The Use of Pooled Income Funds to Reduce the Taxation of Offshore Repatriated Carried...

by Gerald Nowotny on

The addition of IRC Sec 457A effectively ended the ability of investment managers to defer the tax recognition of the carried interest in the investment manager’s offshore fund. Under IRC Sec 457A, hedge fund managers must...more

Bryan Cave Leighton Paisner

IRS Provides Sample Language for “Qualified Contingency” to Meet “Probability of Exhaustion Test”

by Bryan Cave Leighton Paisner on

One of the many requirements that a trust must meet in order for it to qualify as a Charitable Remainder Annuity Trust (“CRAT”) is the “Probability of Exhaustion Test”. This test applies to CRATs whose annuity term is based...more

Mitchell Silberberg & Knupp LLP

Important New Guidance on Charitable Remainder Annuity Trusts

The Internal Revenue Service has issued important new guidance that can allow a charitable remainder annuity trust (CRAT) to qualify under Internal Revenue Code section 664 in a low-interest environment. Background...more

Pepper Hamilton LLP

Consider Your Options for Charitable Giving - Trusts and Estates Update Volume 2016, Issue 1

by Pepper Hamilton LLP on

There are many charitable giving options that are available to fit a donor’s specific goals. You do not have to be Bill Gates or Warren Buffett to make a difference in the world now and after you are gone. Most of our...more

Farella Braun + Martel LLP

New IRS Guidance Allows More People to Use Charitable Trusts

by Farella Braun + Martel LLP on

Have you heard? More people can now use charitable remainder annuity trusts thanks to new IRS guidance in the form of Revenue Procedure 2016-42, issued recently....more

Mitchell Silberberg & Knupp LLP

Valuation Rule for Early Termination of Net-Income Charitable Remainder Unitrusts

Under Internal Revenue Code § 664, a qualified charitable remainder unitrust each year during its term distributes to a non-charitable beneficiary a fixed percentage (5% or greater) of the value of trust assets, determined...more

Ryley Carlock & Applewhite

Charitable Remainder Trusts: A Viable Strategy for Building Wealth, Maximizing Tax Deductions, and Supporting a Beloved Charity

by Ryley Carlock & Applewhite on

While most of us think of charitable giving around the holidays (or around tax time!), for many it is prudent to plan your giving to receive all of the benefits that are available to you. Planned giving comes in many forms...more

Adler Pollock & Sheehan P.C.

Should life insurance be a part of your estate plan?

Today, the federal gift and estate tax exemption stands at $5.45 million, so fewer families are facing estate tax liability. This begs the question: Can life insurance continue to play an important role in estate planning?...more

Gerald Nowotny

Looking Over the Edge of the Cliff– The Use of Pooled Income Funds for the Repatriation of Offshore Carried Interest

by Gerald Nowotny on

The addition of IRC Sec 457A effectively ended the ability of investment managers to defer the tax recognition of the carried interest in the investment manager’s offshore fund. Under IRC Sec 457A, hedge fund managers must...more

Chambliss, Bahner & Stophel, P.C.

How Your IRA Can Benefit Both Your Heirs and Charity

Do you want to use your IRA to help a charity, but also benefit your heirs? Instead of leaving your IRA directly to your children, you can leave it to a charitable remainder unitrust (CRUT) while still benefiting your...more

Adler Pollock & Sheehan P.C.

Estate Planning Pitfall - You’re selling your interest in a charitable remainder trust

Recently finalized regulations eliminate a potential tax shelter involving the sale of an interest in a charitable remainder trust. This brief article offers an example of how the tax shelter worked before the new regs and,...more

Adler Pollock & Sheehan P.C.

Insight on Estate Planning - Year End 2015

Paying for LTC insurance using a tax-free exchange - Nothing can throw a monkey wrench into an estate plan like incurring long-term care (LTC) expenses. These expenses — for nursing home stays, assisted-living...more

Gerald Nowotny

End of the Line – Part II: Year End Tax Planning Strategies

by Gerald Nowotny on

This article is Part II in a series of tax planning strategies for year-end tax planning for the 2015 tax series. The article addresses the Pooled Income Fund (PIF) which as this article demonstrates, has surprising planning...more

Proskauer Rose LLP

Wealth Management Update - October 2015

by Proskauer Rose LLP on

October Interest Rates for GRATs, Sales to Defective Grantor Trusts, Intra-Family Loans and Split Interest Charitable Trusts - The October § 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs...more

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