2022 Charitable Giving Planning in Trusts & Estates, Part 1

Charitable giving can be a major portion of clients’ trust estate planning and introduce substantial complexity. Charitable giving may be motivated less by a desire for tax savings and more by a desire to have an impact on a specific charity or a community.  Clients may also want to retain some measure of control during their lifetimes over the property they are donating and retain income from the property. Though there is a vast array of vehicles and planning techniques to achieve these goals, working through the alternatives is daunting.  This program will provide you with a practical guide to the range of charitable giving vehicles, planning techniques to achieve client goals, tax and non-tax tradeoffs, and integrating charitable giving with overall estate plans.

Day 1:

•    Charitable giving vehicles and techniques & advantages and disadvantages of each
•    Integrating charitable giving into overall estate plans
•    Use of Charitable Remainder Trusts and Charitable Lead Trusts to achieve client goals 
•    Donating life insurance policies and proceeds and related trust issues
•    How to restructure restricted charitable gifts
•    Tax pitfalls of charitable giving
•    Post-mortem charitable giving techniques

Day 2:

•    Advantages and disadvantages of using private foundations, supporting organizations, and donor-advised funds
•    Structuring funds to provide maximum flexibility to the endowment and satisfy donor demands for control 
•    Donating illiquid and difficult-to-value assets to charity – real estate, interests in closely held businesses, works of art
•    Review of faith-based giving initiatives and related legal issues