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Estate Planning

News and information to help improve your Four Capitals
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Charitable Giving

Six Charitable Giving Strategies for 2022

Charitable gifting can occur throughout the year; however, many individuals and families focus on their charitable giving in the fourth quarter as it coincides with annual tax planning. Charitable donations are tax deductible for individuals who itemize their deductions when they file their tax return. The annual deduction limit for gifts to public charities is

Posted By Alyssa Yocom
August 29, 2022
Estate Planning

Is there a silver lining to 2022’s market volatility?

Domestic equity markets experienced their worst first half of a year since 1970 when the markets closed on June 30, 20221. The S&P 500, as an example, was down 21 percent the first half of this year. Additionally, the bond market has experienced volatility largely due to rising interest rates. Many investors understand that market

Posted By Alyssa Yocom
July 6, 2022
Charitable Giving

Charitable Giving: Cash vs Property

Taxpayers can make charitable gifts using cash or property. Examples of property commonly donated to charities includes appreciated stock and other marketable securities. The type of asset gifted could affect the amount of the taxpayer’s deduction. This article explains various aspects and planning opportunities for donating cash and property. Understanding Charitable Cash Donations Cash donations

Posted By Alyssa Yocom
January 21, 2022
Estate Planning

Estate and Gift Tax Limits for 2022

The IRS has announced that in 2022, the estate and gift tax exemption will be increased to $12,060,000 per individual, up from $11.7 million in 2021.

Posted By Alyssa Yocom
January 18, 2022
Estate Planning

Spousal Lifetime Access Trust (SLAT)

What is a Spousal Lifetime Access Trust (SLAT)? Spousal Lifetime Access Trust (SLAT) is an inter vivos1 irrevocable trust. The goal of a SLAT is similar to that of a bypass trust: SLATs are generally used to transfer assets out of the grantor’s estate, up to the estate and gift tax exemption amount, while providing

Posted By Alyssa Yocom
June 1, 2021
Charitable Giving

Charitable Trusts for Estate Planning

Charitable gifting can be accomplished in many ways. Charitable donations, Qualified Charitable Distributions, and contributing to a donor-advised fund are all ways that individuals can gift to charities and receive some income tax deductions. Charitable giving can also be an effective estate planning strategy. For individuals with large estates, charitable remainder trusts or charitable lead

Posted By Alyssa Yocom
April 27, 2021