The estate tax diminishes the amount you could put towards your legacy planning goals. Thankfully, strategies exist to minimize your exposure. Every dollar of wealth surplus not paid to the IRS is one more dollar that can be used for legacy giving. Keeping that...
If you like the idea of a Charitable Remainder Trust (CRT) but have some reservations, an ILIT, CGA, or pooled income fund are alternatives. A Charitable Remainder Trust (CRT) is a potentially terrific tool for those of us with strong charitable legacy goals,...
charitableThe flexibility and tax advantages of a donor advised fund make them a great option for those interested in building a charitable legacy. I’ve previously written about the potential benefits of donating appreciated securities instead of cash (you can...
Private foundations provide flexibility for charitable legacy planning, which may make them an appealing option for those able to cover the initial and maintenance costs. High-net-worth and ultra-high-net-worth individuals interested in building their...
For those who prioritize a charitable legacy but also seek to minimize longevity risk, Charitable Remainder Trusts (CRTs) may be the answer. Those of us with strong charitable legacy goals often must balance our charitable desires with our need to account for...
Basic estate planning can serve as a tool to help you reach your financial legacy goals, both charitable and inheritance – here’s how. Breaking financial legacy planning into smaller categories makes the incredibly complex process a bit more manageable,...
