Charitable Giving Planning in Trusts and Estates, Part 2

Charitable giving can be a major portion of clients’ trust estate planning and introduce substantial complexity. Charitable giving may be motivated less by a desire for tax savings and more by a desire to have an impact on a specific charity or a community.  Clients may also want to retain some measure of control during their lifetimes over the property they are donating and retain income from the property. Though there is a vast array of vehicles and planning techniques to achieve these goals, working through the alternatives is daunting.  This program will provide you with a practical guide to the range of charitable giving vehicles, planning techniques to achieve client goals, tax and non-tax tradeoffs, and integrating charitable giving with overall estate plans.

Schedule:

• Advantages and disadvantages of using private foundations, supporting organizations, and donor-advised funds
• Structuring funds to provide maximum flexibility to the endowment and satisfy donor demands for control
• Donating illiquid and difficult-to-value assets to charity – real estate, interests in closely held businesses, works of art
• Review of faith-based giving initiatives and related legal issues