Planning charitable giving is often suggested as a year-end pursuit, but January can roll around without firm plans in place. Facilitating donors in new year planning for charitable giving can maximize their tax benefits and incorporate planned giving efficiently into an overall financial plan. With the help of knowledgeable gift planning advisors, donors and charitable organizations can both reap the benefits.

Businesses exist to create revenue, but revenue isn’t the only way to ascertain a company’s worth. As a business owner, you will likely need to determine your business’s value at least once, but how is that accomplished? Business valuation approaches vary depending on the type of business and the reason for the valuation. Understanding the fundamentals can help you engage the right professionals and maximize the valuation of your business. 

Effective estate tax planning can preserve wealth for future generations and charitable giving. After working hard to grow and maintain your assets, estate planning is the key to preserving the fruits of your efforts. Many in West Virginia (WV), Kentucky (KY), and Ohio (OH)—as elsewhere in the nation—include lifetime giving as one of the ways to reduce estate taxes. The unified tax credit helps safeguard your wealth by creating tax benefits tied to both your lifetime giving and the rest of your estate plan. 

A second COVID-19 relief bill recently passed by Congress and signed by President Trump will provide much-needed additional pandemic assistance for restaurants, though some believe the provisions of the new legislation fall short of what is needed. In this blog, an experienced business owner and restaurant attorney discusses what the COVID relief bill means for restaurants in the months ahead. 

Legacy gifts are a meaningful part of many estate plans. A lump-sum gift can be made via a bequest in your will, but there are also several tools available that allow donors to maximize the benefits of charitable contributions. Charitable gift annuities are one such option. This blog, the seventh in a series about charitable estate planning, discusses charitable gift annuity pros and cons.