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Friday, July 24, 2015

Charitable Gifting Can Help Your Financials and Estate Planning

There are a variety of options when it comes to charitable gifting, and these options come with excellent benefits. These benefits include tax reductions and exemptions; they can also help with your estate planning.

Charitable gift annuities are planned giving and the process is simple to understand. You donate money to a charity in exchange for a tax deduction and an annual income. When you pass away the charity keeps the gift based on the balance of money you donated.

Charitable remainder trusts are irrevocable and meant to reduce taxes. They can be valuable in estate planning. These trusts have the individual donate their assets into it. After the initial donation, the individual is paid for a certain period of time. Once that time period is over, the assets in the trust goes to the chosen charity. One of the main reasons people use the Charitable Remainder trusts are due to the capital gains exemption and the estate tax advantages.

Charitable lead trusts are the opposite of charitable remainder trusts. You start by transferring your assets into the trust. Then it pays the charity a percentage of the assets or estate value for a period of time.  At the conclusion of that time period your heirs will gain the estate in the trust and the taxes on the estate will be remarkably reduced. 


Posted by: Patrick Carroll at 9:54 AM
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This material is intended for historical purposes and may be outdated. Its contents should not be relied upon as current information. For more up-to-date information regarding these topics, contact your financial professional.







All information herein has been prepared solely for informational purposes, and it is not an offer to buy or sell, or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular trading strategy. Securities offered through Triad Advisors, member FINRA/SIPC. Advisory Services offered through ACI Partners, LLC. ACI Partners, LLC is not affiliated with Triad Advisors.