Charitable Lead Trusts: Tax and Estate Planning Tool in One
Our complicated federal and state tax laws provide vehicles for protecting wealth for the current owner and future generations. Charitable lead trusts (CLTs) provide the means for wealth protection, serving as both a tax and an estate planning tool…
November 04, 2020
What Are the Benefits of DAFs
Donor-advised funds (DAFs) allow a person, family, or organization to place assets into a private fund that is administered and managed by a third party for the purpose of making charitable donations. The donor or donors maintain the authority to…
November 18, 2020
Giving Tuesday: A Reminder for Charitable Gift Planning with Trusts
As each year comes to a close, many engaging in wealth transfer planning also want to advance causes close to heart in ways that maximize tax advantages. A reminder about charitable giving comes early in the month on Giving Tuesday, the first Tuesday…
November 20, 2020
What Is a Charitable Pooled Income Fund?
Many people wish to include charitable giving in their overall estate and wealth planning. The interests of the donor, the donor’s family and heirs, and the charities involved can all be furthered through the benefits of planned giving. A…
December 01, 2020
Charitable Gift Annuity Pros and Cons
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…
December 14, 2020
How the Unified Tax Credit Maximizes Wealth Transfer
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),…
January 13, 2021
Proper Estate Tax Planning Protects Wealth from Federal Taxes
Have you ever closed your eyes and spun a globe beneath your fingers and see where it lands? Now imagine how to get there. These days you can get into your car and plug in a random location into Google maps or Waze on your phone and it will…
March 02, 2021
The Unified Credit Annual Exam
There is a saying, “nothing can be said to be certain but death and taxes.” Getting the carpets cleaned, getting our vehicles inspected, deep cleaning the house, going for an annual physical, and filing taxes are all things to be…
March 09, 2021