Sharpe Blog

Sharpe Blog

Posted September 22nd, 2017

This is a test

this is a test

Posted September 19th, 2017

Answers to “A Gift Planning Quiz”

Click here to view original post, “A Gift Planning Quiz.” Let’s see how you did. Donor uses highly appreciated stock to pay a legally enforceable pledge. Why isn’t Donor treated as selling or exchanging the stock, so that Donor realizes a capital gain? Hint: If an individual pays a debt by transferring appreciated stock to… read more

Posted September 15th, 2017

Congressional Outline for Tax Reform Expected Soon

Sharpe Group experts will be monitoring tax reform measures and news as talks continue and legislation is prepared. We’ll be posting updates on this blog. According to this news story from NBC News which ran on September 14, a Congressional outline should be coming around Sep 25, but legislation is not yet ready to be… read more

Posted September 13th, 2017

A Gift Planning Quiz

Here’s a quiz. Answers next time. Donor uses highly appreciated stock to pay a legally enforceable pledge. Why isn’t Donor treated as selling or exchanging the stock, so that Donor realizes a capital gain? Hint:  If an individual pays a debt by transferring appreciated stock to the creditor, the individual is treated as selling or… read more

Posted August 31st, 2017

How Do Bargain Sales Work?

A bargain sale is a sale to charity at a bargain price. The classic example is a sale of real estate to a charity at a price below fair market value (FMV). Or supposedly below FMV. Charities need to be cautious when offered real estate at a supposed bargain price, unless the charity wants the… read more

Posted August 1st, 2017

Let’s Take a Look at Charitable Bequest Planning, Part 3

Read Part 2 here Charitable bequests fall into three categories: a bequest of a specific dollar amount a bequest of a portion of the donor’s residuary estate a bequest of a specific asset The specific dollar bequest should be paid by the executor relatively early in the settling of the donor’s estate. So should the… read more

Posted July 20th, 2017

Let’s Take a Look at Charitable Bequest Planning, Part 2

Read Part 1 here. Charitable bequests by the wealthy are often made not only to carry out a philanthropic objective but also to save taxes and maybe also to achieve some other purpose. For example, wealthy individuals often leave wealth to a private family foundation both to avoid estate taxes and to provide downstream heirs… read more

Posted July 7th, 2017

Let’s Take a Look at Charitable Bequest Planning, Part 1

Lots of questions. Here are a few: Is the federal estate tax a concern? Is state law a planning consideration? Does the donor want to bequeath a specific dollar amount or a specific asset or a percentage of his or her residuary estate? Does the donor want to create a restricted endowment? Does the donor… read more

Posted June 27th, 2017

Gift Planning to Benefit Third Parties

Third parties such as the donor’s grandchild, sibling, or housekeeper. To a large extent, gift planning depends upon the age of the individual to be benefited. For example, if the individual is a newborn grandchild and the goal is to provide future college education funds, the best planning may be to set up a purely… read more

Posted June 6th, 2017

Let’s Take a Look at Gift Annuities, Part 3

There’s one more gift annuity topic we need to consider: the application of federal securities laws to a gift annuity program. This is a two-part discussion. Part 1 is the fact that the 1995 Philanthropy Protection Act (“PPA”), which grew out of a Texas gift annuity transaction, applies federal securities laws to certain planned gift… read more

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