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Do you know that under the current tax law, once a person's Gross Estate exceeds the Unified Credit Amount, the Federal Government will tax the excess at a rate up to 46 per cent? Learn how philanthropy in estate planning can help others and leave more to your children. Related Article Tags: , , , ,
Do you own a highly appreciated asset that produces little or no income? Are you selling your business? Are you highly compensated and looking to shelter more of your income? Put the charitable remainder trust in your list of options. Related Article Tags: , , , , ,
When we're succesfull and satisfied financially in life, we start to think about ways to help others in need. Not many people know, hovewer, that life insurance can be a great tool to use for charitable giving. This article shows you all the options. Related Article Tags: , ,
Are you a senior with an under-performing asset and a desire to benefit your favorite cause? Take a look at a simple planning option that could significantly boost your income and give you a warm feeling in your heart. Related Article Tags: , , , , , , ,
Some people that are very rich, that belong in the upper-upper level of society, don't know how to use their money and resources properly. Related Article Tags: , ,
If you are over 70 1/2, have an IRA and are charitably inclined, a new law allows you to make a substantial gift from your IRA - tax-free. However, there is a narrow window of opportunity. Related Article Tags: , , , , , , , ,
Survivorship life insurance can pay estate taxes, offset income taxes on inherited qualified plans, and replace assets. When putting your estate plan together, do not overlook this valuable planning tool. Related Article Tags: , , , , ,
Donating to charity also requires budgeting so that both the donor as well as the recipient equally gets benefited. Related Article Tags: , ,
Successful real estate venture requires complete planning, aggressive learning approach and market oriented mentality. It is not only money making sector, it is also about creative thinking of creating a niche in real estate market to reap the fruits. Related Article Tags: , , , ,
Elder Law is a somewhat new specialized field of law dealing with the issues and problems met by the fastest growing segment of the U.S. population, the elderly. It incorporates the elements of Estate Planning, Wills and Trusts, Health Care Planning, Conservatorship and Medicare/Medicaid Planning. Related Article Tags: , , , , ,
When you are an organization or individual in need of a charitable donation, how do you go about finding what you need? After all, there are so many different companies and foundations out there that issue grants to people, depending upon their goals, that is can tough to know where to submit a proposal. Here are some tips to make the process of searching easier... Related Article Tags: , , , ,
Many companies use charity to both do something good while simultaneously enhancing their brand. The prototypical large effort in this arena was by American Express over 20 years ago in its effort to save the Statue of Liberty. These partnerships between the nonprofit and for profit sector can be mutually beneficial. There are some simple tips to heed in order to make your charitable marketing effort a success.
In addition to the overall benefits of making charitable donations, there are a number of tax benefits to be had as well. In fact, while many people give out of the kindness of their heart, still others give for tax benefits as well. Navigating through the tax benefits are fairly simply and in most cases, your accountant or tax preparer can assist you with figuring out how to take the charitable contribution deduction and whether or not the charity of your choice is qualified. Here are some additional tips on the tax benefits of making charitable donations... Related Article Tags: , , , , ,
Estate Planning may be a word that is encountered by many citizens especially the elderly. What is Estate Planning? What benefits does it provide to people?
Making charitable contributions is a wonderful way to help out your fellow man, but it is also a good way to get some tax breaks. One really good method is to donate a car to charity. However, there are some things you will need to do in order to donate a car to charity and claim the donation on your tax returns.
This article is about whether you need a trust or foundation. Related Article Tags: , , , ,
Most of the concepts and strategies you read in this tax column are really answers to questions asked (or concerns, problems or fears told to us) by readers who called our office. Also tossed into the column is a large helping of our years of experience consulting with our readers. About three out of every four readers who call ask a variation of this troublesome question, "What will estate planning do for me, my family and my business?" The simple answer: The "right plan" will accomplish all your goals. Actually the right estate plan is a group of small plans that all dovetail together. Related Article Tags: , , ,
Most Americans do not know how their assets will be divided once they die. Arizona attorney Steve Allen, known as the "estate planning doctor," has started a website to explain the complicated subjects of wills and trust. Related Article Tags: , , ,
Giving to charity is a good feeling, and most people give freely without expecting anything in return. Even the most generous contributors will agree, however, that a break at tax time turns that good feeling into a great one. Related Article Tags: , , , , , , , , , ,
Trusts and private foundations aren't just for the rich and famous like Warren Buffet or Bill Gates. Nowadays, even people of modest means are realizing the great benefits trust and foundations can provide. Read on to see what they can do for you. Related Article Tags: , , , , , , ,
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