Tax Planning
Qualified Charitable Distributions Win Win
Qualified Charitable Distributions from IRA accounts are a win-win. Go ahead. Make that charitable gift in a way that maximizes the amount going to charity and minimizes the amount going to taxes for the politicians to play with. Who do you trust more to do good things with your money, your favorite charity or the politicians?
Read MoreS Corporations and Charities
S Corporations and Charities S corporations and charities lie at the cross roads of advanced estate planning. Most new wealth is generated through corporate structures. Most corporations are S corporations. Most advanced planning for the people who own such corporations will include a charitable component. The net effect is that working with both an S…
Read MoreCommunity Property Planning
Marital Property Issues Estate planning is necessarily multi-disciplinary. It touches upon many aspects of law. It affects taxation, property, family, and business concerns. Marital Property rights is a critical element in legal planning. The changes go both ways — the estate planning affects marital property interests and marital property affects the planning. This is increasingly true with the social…
Read MoreTax Free IRA
For years, I have been telling people a little known secret of IRA’s. There is a way you can pass the benefit of your IRA to your heirs tax free. Recently Bob Carlson in his newsletter recently discussed the strategy. It combines an IRA with a Donor Advised Fund. He quotes David Phillips and calls it…
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