Indispensable: How Philanthropy Fuels American Success (Karl Zinsmeister – Acton Institute) – YouTube
Interesting speech below on crucial importance of philanthropy, even for national defense:Philanthropic Planning Challenges … Mission Possible or Impossible?
While it’s important that charities and their staff understand how to match various tools, such as charitable remainder trusts (CRTs), charitable lead trusts (CLTs), charitable gift annuities and other gift plans with the needs of their donors, which may...Fusing Family and Philanthropic Visions
Wealthy families can now transfer wealth to children and grandchildren at a transfer tax discount of up to 50 percent, while receiving up to a 50 percent current charitable income tax deduction—all while avoiding tax on the subsequent sale of appreciated...#AssetProtection: Fix Delayed for Private Foundation Excise Tax Trap
The PF excise tax provision would collapse the current two-tier tax—some pay 2 percent and some pay 1 percent on investment income—to a straight 1 percent tax. Here’s how it goes. PFs are required to pay a 2 percent excise tax on investment income every year....#AssetProtection: 2017 Promises Only Uncertainty for HNW Clients
For many clients in the mid-range, we can pretty much take care of the issue in the first paragraph below with Clayton election planning. (HNW clients may benefit from other advanced techniques such as NING trusts.) The issue in the second paragraph below (changes to...#AssetProtection: Clinton Foundation Barely Spent Any Money On Real Charity
Just 5.7 percent of the Clinton Foundation’s massive 2014 budget actually went to charitable grants, according to the tax-exempt organization’s IRS filings. The rest went to salaries and employee benefits, fundraising and “other expenses.” Source: Clinton Foundation...#AssetProtection: #EstatePlanning Blunders — Jacqueline Kennedy Onassis
Jackie O’s estate plan provided for an elaborate trust that was supposed to have generated funds for a charity and then give her grandchildren an inheritance. But although her estate was initially valued at $200 million, the actual value dropped to about $18 million,...#FamilyProtection: Why Robin Williams’ son hangs out behind bars – Video
You have read at www.SacredHonor.US about the F.I.R.S.T. Family Trust and how it can be used to pass on values such as charity and financial mentorship. Here is an example of both in action: Zak Williams, son of Robin Williams, is co-teaching a financial literacy...#AssetProtection: Effectively Communicating CLAT Concepts
Planning professionals need to master the skill of communicating the tax savings from a planning technique in a manner that a potential client can quickly and easily understand. This is particularly true when dealing with charitable giving strategies. Here are some...#FamilyProtection: Seven Steps to Become a Center of Influence
We all need to work on this, whether retired, or building a business or career: How establishing yourself as trusted, active member of your community can help grow your business. Source: Seven Steps to Become a Center of Influence | Wealth Management If attacked, do...#AssetProtection: Fresh Look at Charitable Lead Annuity Trusts
[slideshare id=56750185&doc=aac527e2-7f52-466b-8109-82432616b858-160106174411] If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM, we believe good estate plans protect families. We make it...#AssetProtection: Earmarked Gifts
Parthian shot. If a gift is held to be earmarked for an individual, not only does the donor lose the income tax charitable deduction, but also could be subject to the federal (and possibly state) gift tax on transfers to individuals (assuming it exceeds the $14,000...#AssetProtection: Treasury Issues Broad Proposed Section 2704 Regulations
Although the details are significant, the bottom line is that the proposed regulations would appear to eliminate almost all minority (lack of control) discounts for closely held entity interests, including active businesses owned by a family. To accomplish that,...Six Characteristics of NextGen Art Collectors
And as younger collectors focus more on this asset class, their advisors need also to broaden their knowledge of the rules unique to this area and to their clients’ increased activity. Source: Six Characteristics of NextGen Art Collectors If attacked, do you want to...Creating a “Safe Zone” With Family Philanthropy
Issues of control are often significant to the wealth-creating generation of a family (usually, although not always, older members). Often, in working with families, we hear wealth-creators express doubts about the capacity of rising generations to handle money...A Sea Change in High-Net-Worth Philanthropy?
Charitable LLCs A charitable LLC, such as the Initiative or the Emerson Collective (run by Steve Jobs’ widow) is legally no different from a for-profit LLC. As such, it’s governed only by applicable corporate law, whereas a charity would further be subject to state...NRA Cars for Freedom: How to Enlist – YouTube
OK — this one’s a hit. If attacked, do you want to be Victor or Victim? At SacredHonor.US, we hate it when people die embarrassed. And at Protect.FM, we believe good estate plans protect families. We make it easy for your family to attain the comfort of...Top Five Traits of Effective Family Philanthropy
Through our work with the Andersons, Pitcairn has seen firsthand how a family can build a lasting philanthropic legacy, and we’ve identified five key traits that contributed to their success. We believe other wealthy families can better achieve their own philanthropic...PATH Now Permanent for $100K Charitable Contributions from IRAs
The Protecting Americans From Tax Hikes Act of 2015 (PATH) provides long-awaited certainty for taxpayers that make charitable contributions from IRAs. The new law became effective December 18, 2015. It made permanent the IRA charitable rollover provision that allows...
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