Key Takeaways: Lawyer-led estate planning protects families from the rigid, “cookie-cutter” limitations of automated platforms run by financial advisors. Crafting a custom trust with an experienced attorney preserves critical attorney-client privilege during IRS audits or unexpected litigation. Establishing an enduring attorney-client relationship ensures clear support for amendments and immediate guidance during a future trust administration. […]
By: Kevin A. Ganser, Esq., LL.M. in Taxation According to Charity Navigator, total charitable giving in 2017 increased to $410m, which represents a 5.2% increase in giving from 2016. Indeed, charitable giving has increased year over year every year since 1977 (with the exception of 1987, 2008, and 2009; all of which coincided with worldwide […]
Improve your Income and Tax Planning with Charitable Trusts CHARITABLE RETIREMENT ARRANGEMENT (“CRA”) As a practicing estate planning attorney for over 33 years, I have noticed a huge change in a client’s mentality when it comes to estate planning and retirement planning. It used to be that most clients were concerned about having enough to leave […]
Is it possible to give a portion of your estate without paying gift taxes? In certain situations, our clients want to gift assets to their children, grandchildren, or other loved ones. Instead of leaving a large inheritance when the client passes away, many clients want to watch their children enjoy a part of their inheritance while […]
