The fifth part of our giving series deals with Charitable trusts and foundations. For larger charitable gifts, and families that desire to instill the value of giving inter-generationally, charitable trusts or private foundations may be established to provide centralized management of the client’s charitable gifts. These kinds of trusts and foundations can be created during […]
Charitable Trusts & Foundations and a Caveat Read More »
The fourth way of giving is through endowments. There are several types of endowments, but the basic structure of an endowment takes a gift and manages it for a long period of time to benefit a certain charity, establish a scholarship, or establish an ongoing grant program. An endowment can be funded from a single
The third giving option in this series is Donor Advised Funds. A donor advised fund is an investment account established through a reputable investment advisor. You can donate cash, stocks, real estate or other assets and receive an immediate charitable tax deduction. However, the gift grows in the account until you designate what IRS-qualified charity
Donor Advised Funds Read More »
The second part to our Giting Series discusses the idea of a One time, Direct Gift to Charity. The reasons for giving are varied, but we are blessed to help our clients give strategically so that our client’s gift can help establish and continue their legacy. One-time, Direct Gifts to Charity: This has the dual
One Time, Direct to Charity Read More »
There is never a bad time to want to give. The reasons for giving are varied, but we are blessed to help our clients give strategically so that our client’s gift can help establish and continue their legacy. This series of gift giving will go over six ways of giving. The first one being: One Time,
Giving Series: One Time, Direct to Individuals Read More »
With the passing of April 15th, and the beautiful weather finally rolling in, I am suddenly motivated to do some spring cleaning. Now, if you know me, you know how rare it is for me to be motivated to actually clean. But, I have found that this time of year is an excellent time not
Spring Cleaning for your Loved Ones Read More »
Last time, I talked about using spring cleaning to organize your legal and financial documents to make sure that they are accessible to your trusted family members and friends. This is an excellent time of year to gather certain documents and information in one place so your loved ones have the information they need
Spring Cleaning for Disability Read More »
I have been writing about how to use this post-tax/spring season to refresh your legal and financial documents so that, when something happens to you, your loved ones have the documents and information they need. When doing spring cleaning, there is inevitably a chore I do not want to do – some deep cleaning, usually
Spring Cleaning for the Afterlife Read More »
Over the last several weeks, I have addressed how you can use spring cleaning to help you organize your affairs. The focus has been on gathering documents that your loved ones will needs to make sure you are taken care of during life, but also that your affairs are smoothly taken care of after life.
Spring Cleaning for an Estate Plan Read More »
Elder law is an area of law that includes estate, public benefits, and end-of-life planning. In contrast, estate planning is a narrow area only concerned with protecting and transferring your assets to your beneficiaries and heirs upon your death. Traditional estate planning is based on the misconception that the only issue you need to plan
