News & Analysis as of September 19, 2024

Estate Planning › Charitable Organizations

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Estate Planning is a process where individuals prepare or plan for the settlement of their personal affairs in the event of incapacitation or death. Estate plans typically include provisions relating to the disposition of assets, guardianship of minor children, and appointment of representatives to make medical and financial decisions. Effective estate planning can decrease tax liability and facilitate the probate process. less -

The Importance of Charitable Beneficiary Planning: Lessons from the Matter of the Estate of Heinecke

Mandelbaum Barrett PC on 4/30/2024

The recent Appellate Division decision, In the Matter of the Estate of Heinecke, serves as an important warning to those who have named charitable organizations as beneficiaries in their Last Will and Testament. The case...more

A Promise Is a Promise: The Enforceability of Charitable Pledges under New York Law

Blank Rome LLP on 7/25/2023

Charitable contributions are often utilized in estate planning to assist a client not only in supporting his or her favorite charities but also to reduce tax liabilities both during life and at death. However, before clients...more

Charitable Bequests With Guest Stephanie Hood

Farella Braun + Martel LLP on 7/6/2023

Welcome to EO Radio Show – Your Nonprofit Legal Resource. Our charity clients often come to us with a request to help a major donor think about a special gift to the charity, and sometimes we also get pulled in to help the...more

Charitable Bequest Allocation Turns on Donor’s Expressed Intent

Downey Brand LLP on 4/25/2023

Charities sometimes spar over entitlement to bequests and other planned gifts. Occasionally, their disagreements become epic legal battles that span many years. In Breathe Southern California v. American Lung Association...more

Making a Difference: Charitable Trust Planning

Ward and Smith, P.A. on 6/9/2022

The past few years have exposed a lot of needs in our communities, and many of us feel even more compelled to give back what we can. It seems more important now than ever to support worthy charitable organizations that...more

Maximizing End-of-Year Charitable Giving

Bowditch & Dewey on 11/25/2020

As the holiday season approaches, people are thinking about giving to charitable organizations. As a donor, you can be both philanthropic and tax-efficient in your charitable giving. Estate Planning - One way to give is...more

Estate Planning Pitfall – Your Charitable Gifts Are Unrestricted

Adler Pollock & Sheehan P.C. on 6/5/2020

If you’re making sizeable donations to charity as part of your estate plan, your good intentions are clear. But how do you know the funds will be used to further the charity’s mission? There are no absolute guarantees...more

Securities laws can derail your estate plan

Adler Pollock & Sheehan P.C. on 10/4/2018

It’s not uncommon for high-net-worth individuals to hold their assets in trusts, family limited partnerships or charitable foundations. If the assets held in this manner include interests in hedge funds or other...more

Transferee Liability: The [Unlikely] Situation that your Nonprofit Receives a Charitable Gift with Expensive Tax Strings Attached

Coblentz Patch Duffy & Bass on 10/12/2016

The case of Salus Mundi Foundation et al v. Commissioner - On August 15, 2016, the Tax Court decided in Salus Mundi Foundation et al v. Commissioner, T.C. Memo. 2016-154, that two foundations were liable as transferees...more

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Estate Planning › Charitable Organizations

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