Sharpe Blog

Archive for September, 2018

Posted September 26th, 2018

Charitable Remainder Trusts Have Three Life Stages

The three stages are 1. the drafting of the trust instrument 2. the funding of the trust and 3. the administration of the trust The drafting stage: IRS has provided specimen agreements for annuity trusts and unitrusts, which makes the drafting of CRAT and CRUT documents relatively easy. But there are some cautions here. Some… read more

Posted September 14th, 2018

Gifts for Which There Are No Tax Benefits

Gift planning has focused traditionally on squeezing maximum tax benefits out of a gift arrangement. There are, however, some good gift arrangements for which little or no tax benefits are available. “Good” here means good for the donee organization. Let’s consider some specific examples. Donor contributes a valuable painting she painted: Donor’s income tax charitable… read more

Posted September 5th, 2018

Questions & Answers

WHY DOESN’T THE DONOR REALIZE GAIN WHEN GIVING AN APPRECIATED ASSET SUCH AS APPRECIATED STOCK? Gain is realized only on the sale or exchange of an appreciated asset. Note that a gift annuity funded with appreciated stock involves a sale or exchange (it’s a kind of bargain sale). Note too that a gift of mortgaged… read more

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