CHARITABLE PLANNING: A FORK IN THE ROAD

You may decide to do charitable planning for several reasons. Some people do it because they want to give back to the community. Some just want a tax deduction. Others don’t have any heirs, and they want a low risk method to ensure they have enough money until they die. Whatever the reason, charitable planning…

Read More

Child Free Estate Planning

Child Free Estate Planning

Child Free Estate Planning Made Simple Mary has done well, and is living well.  She has no children, and wonders about what kind of estate plan she might need. Because she has no children, she knows that if she does nothing, her estate will largely go to the IRS and the state where she lives.…

Read More

Charitable LLC Scam vs. Reality

Charitable LLC Scam

The “Charitable LLC” It’s no surprise that people hate paying taxes.  Sometimes they hate it so much, that they will do anything to avoid paying them, including things they shouldn’t.  One such strategy that we recommend you stay away from is the so-called “Charitable LLC”. What is promoted as a “Charitable LLC” may be structured…

Read More

Tax Deductions for Giving Art to Charity

Tax Deduction for Giving Art to Charity

When one’s basic needs are fully met, it is not uncommon to accumulate and surround oneself with beautiful things.  In other words, those who can, collect art.  Sadly, part of the human condition is that it doesn’t last forever.  Deciding what will happen to such art collections when we are done with them is a…

Read More