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 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 »
When applying for Medicaid, the government will presume that any transfers you made for less than fair market value in the last five years was done with the specific intent to qualify for Medicaid. Even if that was not your intention, Medicaid will treat the transfer as a gift. Under Medicaid rules, amounts gifted are
Start Tracking Now to Avoid Penalty Later Read More »
When applying for Medicaid, the government will presume that any transfers you made for less than fair market value in the last five years was done with the specific intent to qualify for Medicaid. Even if that was not your intention, Medicaid will treat the transfer as a gift. Under Medicaid rules, amounts gifted are
Annuities May Create Too Much Income Read More »
