Charitable Planning

January 18, 2018
Legacy Global Foundation

Donor Advised Fund Family Foundation

What is a Donor Advised Fund? A Donor Advised Fund (or “DAF”) is the quickest, easiest, and most cost effective way for anyone to establish a charitable Family Foundation.  Among other benefits, it enables families to focus on the fun and meaningful activities (charitable giving), and outsource the tedious issues […]
April 5, 2017
Statements of Wishes

Statements of Wishes

STATEMENTS OF WISHES IDENTIFYING VALUES, CREATING INCENTIVES, ESTABLISHING POLICIES Statements of Wishes Statements of Wishes, or what is sometimes called a Letter of Wishes, have long been used in international trusts and off-shore planning.  Historically they derived from Testamentary Trusts. For decades, we have used them with inter vivos trusts or living […]
June 20, 2016
trust fund baby

Don’t Create a Nasty Trust Fund Baby

The Danger of the “Trust Fund Baby” I was interviewed about the trust fund baby problem by after my presentation at FreedomFest (2015). Success Council was interested in getting some practical advice on how to help children inherit wealth without harming themselves, their family and their community. They had a […]
June 14, 2016
Legacy IRA Act ad image

Legacy IRA Act

Using Your IRA for Charitable Gifts If it becomes law, the Legacy IRA Act will be a powerful tool for both retirement planning and charitable giving. Currently, there are only two ways to give your IRA to charity without triggering a tax. First, if you are age 70 ½ or […]