WebCredenza 2024 Charitable giving planning in trusts and estates, part 1

Recording available after original program date, 4/4/2024

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.

Opinions and positions stated by presenters of MoBarCLE programs are those of the presenters and not necessarily those of The Missouri Bar. This program is intended as information for lawyers in Missouri, in conjunction with other research they deem necessary, in the exercise of their independent judgment.

Note: This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for GAL Certification, ethics, elimination of bias or Kansas credit.