Legacy building can be part of your estate plan, and this can include giving to charities. An act of giving can certainly be rewarding to you on a personal level, but it can also have some positive financial ramifications. Charitable donations can be deducted from your annual tax return as long as the entity or […]
Charitable Planning
Are Your Charitable Donations Being Optimally Utilized?
If you are fortunate enough to be able to include a charitable giving component in your estate plan you would do well to ask yourself how these financial resources are going to be utilized. Because of the inherent nature of charities you may think that everyone who works for one is a well-meaning and passionate […]
The Philanthropic Legacy of Late Actor Larry Hagman
The actor Larry Hagman passed away recently and he will be missed. Most people remember Hagman as the individual who played the part of J.R. Ewing on the Dallas television series. He did however make his mark originally in the situation comedy I Dream of Jeannie that was on the air during the latter portion […]
How to Lend a Hand and Save Taxes
It seems like natural disasters are daily occurrences. While reading the newspaper over breakfast, we learn of a wildfire in Arizona. While driving to work, we hear of a drought in Africa and an epidemic in Southeast Asia. A hurricane in North Carolina, a flood in Missouri, a tornado in Oklahoma, an earthquake in California […]
Why Use A CRUT?
Estate planning can seem like a matter of moving assets around and creating financial instruments that allow for their transfer after your death, and of course this is a large and important part of the process Some clients with charitable goals for their legacy feel may the need to do something for those less fortunate […]