Would You Prefer A Charitable Deduction This Year?

Would you like a charitable deduction this year? There can be many reasons why you’d prefer a deduction this year but not actually want to make the distribution until the future: Your income is higher this year You won’t be able to itemize next year due to decreased deductions You are retiring You know you [ ] The post Would You Prefer A Charitable Deduction This Year? appeared first on American Academy of Estate Planning Attorneys.
https://www.aaepa.com/2017/12/prefer-charitable-deduction-year/

No Charitable Deduction in 2018?

The Problem: The tax bills passed by the House and Senate would both nearly double the income tax standard deduction for individuals (to $12,000) and couples (to $24,000) and would eliminate deductions for state income taxes. The impact of this: Most people will not be able to itemize their deductions. It’s expected the percentage of [ ] The post No Charitable Deduction in 2018? appeared first on American Academy of Estate Planning Attorneys.
https://www.aaepa.com/2017/12/no-charitable-deduction-2018/

Basics of Estate Planning: Getting the Most out of Charitable Gifts

This is another in a series of blogs on the basics of estate planning. Often, an individual wants to make a gift to charity. They don’t want something complicated, but they want to get the most bang for their buck. Estate planning attorneys and other financial professionals know the client could just contribute cash to [ ] The post Basics of Estate Planning: Getting the Most out of Charitable Gifts appeared first on American Academy of Estate Planning Attorneys.
https://www.aaepa.com/2017/09/basics-estate-planning-getting-charitable-gifts/

Basics of Estate Planning: Charitable Trusts

This is another in a series of blogs on the basics of estate planning. Last week, we looked at Irrevocable Life Insurance Trusts. This week, we’ll look at charitable trusts. There are two primary types of charitable trusts, they are Charitable Remainder Trusts (“CRTs”) and Charitable Lead Trusts (“CLTs”). Trusts with split interests (in which [ ] The post Basics of Estate Planning: Charitable Trusts appeared first on American Academy of Estate Planning Attorneys.
http://www.aaepa.com/2017/03/basics-estate-planning-charitable-trusts/