Imagine that a client sits down at your conference room table and begins the meeting something like this: “I’ve got a prime tract of land I bought for $200,000 just 10 years ago, and now I am sure I could sell it for $2 million because the market is so hot for new...
It requires a keen eye to spot unintended negative consequences of a well-meaning client’s charitable giving strategies! This winter, we suggest you take note of three cautionary tales: Clients can no longer “hide” with confidence behind a so-called blocker LLC to...
We’ve heard that many of you appreciate a quick checklist for charitable giving reminders each December. We know you receive this type of information from many sources, and frequently in great detail. It is our goal to break things down into a few simple points (below...
By: SPENCER G. NAUMAN, JR. For those who are 70 ½ with charitable intent and extra money in their Individual Retirement Accounts (IRA), there is an easy way to establish or enlarge Funds at The Foundation for Enhancing Communities (TFEC). Such persons may direct...
What if your clients make donations to entities that don’t fall under a specific section of the Internal Revenue Code, but feel “charitable” nonetheless because the dollars are helping people in need? Perhaps a client has helped set up a dedicated account at a bank to...
Giving directly to international charities can involve a steep learning curve. Legal complexity no doubt was at play in the 2.2% (adjusted for inflation) decline in giving to international affairs in 2019, according to Giving USA. An example of one of the many legal...
