Sharpe Blog

Sharpe Blog

Posted August 9th, 2016

Let’s Spend Time With Lead Trusts – Pt 6

Last time, we saw that there is the “plain vanilla” CLAT, for which the donor gets a gift tax charitable deduction but not an income tax charitable deduction. We also saw that it’s possible to set up a CLAT so that the donor does get an up-front income tax charitable deduction in addition to a… read more

Posted July 18th, 2016

Let’s Spend Time With Lead Trusts – Pt 5

Last time, we looked at a Charitable Lead Annuity Trust example. An example of a 12-year CLAT funded with $1 million of cash, which is to pay $50,000 a year (a 5-percent payout) to charity and then distribute its assets to Donor’s daughter. Question: How much will the daughter receive? No one knows for sure…. read more

Posted July 8th, 2016

Let’s Spend Time With Lead Trusts – Pt 4

It’s now time for a CLAT example, to see how this thing works. Let’s suppose Donor creates a CLAT with $1 million in cash. The CLAT is to pay $50,000 a year to Charity for 12 years and then distribute all of its assets to Donor’s daughter, Sue. This fact pattern is as plain vanilla… read more

Posted June 21st, 2016

Let’s Spend Time With Lead Trusts – Pt 3

Last time, we drilled down into the charitable lead annuity trust (CLAT). We saw that the CLAT may be set up to run for either a fixed term of years or an individual’s life (subject to restrictions); the CLAT is used not only to fund a charitable project but also to transfer substantial assets downstream;… read more

Posted May 31st, 2016

Let’s Spend Time With Lead Trusts – Pt 2

Time to take a closer look at the charitable lead annuity trust (CLAT). The CLAT comes in several flavors; we’re going to start with plain vanilla. The plain vanilla CLAT makes a fixed payout to charity at least annually (e.g., $25,000 a year) for a term prescribed by the donor and then, typically, distributes its… read more

Posted May 17th, 2016

Let’s Spend Time with Lead Trusts – Pt 1

A lead trust is a trust that [1] makes payments to one or more charities for a donor-prescribed period, and then [2] distributes its assets to one or more persons. It’s called a lead trust because the charitable interest in the trust leads, or precedes in time, the non-charitable interest. Certain lead trusts work well… read more

Posted May 9th, 2016

What Is an Inherited IRA?

By Jon Tidd This question is important for several reasons. One is that charities named as IRA beneficiaries are often required by IRA custodian financial institutions to establish inherited IRAs in order to receive the benefit to which the charity is entitled. The answer is provided by section 408(d)(3)(C)(ii) of the Internal Revenue Code: (ii)… read more

Posted April 27th, 2016

The Emergence of Blended Gifts

The term “blended gift” generally refers to different ways individuals can make significant charitable gifts. As the baby boomers first began to approach the age range when most charitable gifts are planned and implemented, they were more inclined to structure larger charitable gifts differently from previous generations. They used “blended gifts” in an effort to provide both… read more

Posted April 25th, 2016

What Are the Charitable Contribution Carryover Rules?

By Jon Tidd Sometimes a charitable gift is too large to be fully deductible for the year in which it’s made. This is because the law imposes limits on the federal income tax charitable deduction. In this situation, the donor may be able to carry the excess part of the gift forward as a deduction… read more

Posted April 14th, 2016

How Now Dow?

by: Barlow Mann The Dow Jones Industrial Average rose to 2016 highs on April 14 and was within 2% of reaching an all-time record high. In 2015 the Dow was basically flat for the year and actually closed out with a small loss when compared to the close in 2014. Over the past 12 months, the… read more

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