TELESEMINAR: Planning in Charitable Giving, Part 1 – A National Perspective
August 19, 2014
12:00 – 1:00 p.m.
1.00 MCLE hours
Charitable giving can be a major portion of clients’ estate planning and introduce a vast set of complex planning considerations for their attorneys. Charitable giving may be motivated less by a desire for potential tax savings and more by a desire to leave a certain legacy and make an impact on the lives of individuals and/or a community. At the same time, clients may 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 can be daunting. This program will provide you with a practical guide to the range of charitable giving vehicles and planning techniques to achieve client goals, the tax and non-tax tradeoffs and limitations of each, and integrating charitable giving with overall estate plans. Part 1 of 2.
- 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
David T. Leibell, UBS Private Wealth Management, New York