Category Archives: Charitable Giving
Can a Charitable Remainder Trust Be Used to Generate Income in Retirement?
What if you were able to accomplish multiple goals in creating a trust at once, such as avoiding capital gains taxes, selling a highly appreciated asset and creating a steady stream of retirement income for your loved ones? These are just a few of the most common pros of choosing a charitable remainder trust…. Read More »
Estate Planning Increasingly Involves Charity Decisions
How to distribute one’s estate, never an easy decision and one with which people wrestle a great deal, becomes all the more complicated for those who don’t have children, stepchildren, grandchildren or other family members who might otherwise normally be in the mix. (Photo credit: Tax Credits)A recent item in The New York Times… Read More »
Head or heart? Donation decisions can be difficult
When people think about making charitable donations, sometimes they don’t really think at all. Instead, they give based solely on emotions, which is fine. A recent blog on the website of The New York Times, however, recognized this distinction was “one of the big debates among donors and their advisers: is it better to… Read More »
Not all want their good works to be known
Some people give to charities simply to get a break on their taxes, while others do the same thing to look good in the eyes of the community. For many, though, charitable is simply the right thing to do, and not only do they not want recognition for it, but also they want their… Read More »