Dear Hayek, Every year, I give to the Make-A-Wish Foundation, to help make dreams come true for children with critical illnesses. I heard there was a similar group for seniors and those in elder care facilities. What do you know … [Read more...]
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Critter Corner: Making Seniors Wishes Come True and Planning for Charitable Giving
Critter Corner: What Are Some Ways to Incorporate Charitable Giving into Your Estate Plan?
Dear Hayek, I want to include charitable giving in my estate plan, since I have some causes that I am passionate about and heard it is a good way to reduce taxes. What are some ways that I can do so? Thanks for your … [Read more...]
Print This PageCharitable Lead Trusts
Charitable Lead Trusts For a single individual or a married couple of very high net worth, the creation of a non-grantor Testamentary Charitable Lead Unitrust (CLUT) is one of the most desirable and powerful ways to minimize … [Read more...]
Print This PageMaximize Your Impact with Your 2021 Charitable Giving
Q. My dad and I enjoy running races. In the coming weeks, there aren’t any races coming up for the causes we care most about, so we were hoping to go on our own and donate to them ourselves. Are there any rules we should know … [Read more...]
Print This PageCritter Corner: FTC Urges Research Before Charitable Donations
Dear Hayek, I am thinking about giving charitable donations this month. I want to make sure that the charities I am choosing are legitimate and that most of the money I give goes to those in need. I also want to make sure I’m … [Read more...]
Print This Page2020 Year-End Planning and Charitable Giving — Take Advantage of Tax Law Changes
Q. We are in the last quarter of 2020, thankfully, and my wife and I are considering our year-end planning and charitable giving. My understanding is that some of the tax laws have changed that will affect our 2020 taxes, … [Read more...]
Print This PageCritter Corner: Charitable Giving During the 2020 Tax Season
Dear Ernie and Jannette, We want to support our favorite local charities and small businesses as much as we can while they are reviving themselves from all the changes in their business environments. We would like to give now, … [Read more...]
Print This PageIs the Charitable Tax Deduction Gone for 2018?
Q. I give to charities every year during the holiday season. However, I’m concerned about the ramifications of doing so this year with the new tax law. Can I give as I usually do and take tax deductions, or is there something … [Read more...]
Print This PageCharitable Giving: The Risks of Generosity
Q. My granddaughter, Abigail, recently got married and my husband and I would like to give her a gift of $14,000 before the end of the year to put towards a down payment on their first home. To be fair, we also want to give the … [Read more...]
Print This PageCharitable Remainder Trusts and Wealth Replacement Trust
Charitable Remainder Trusts A Charitable Remainder Trust (CRT) is a very popular estate planning tool because it allows you to benefit your favorite charity and receive a stream of income during your lifetime (and that of your … [Read more...]
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