TELESEMINAR: Planning in Charitable Giving, Part 2 – A National Perspective
August 20, 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 2 of 2.
- Advantages and disadvantages of using private foundations, supporting organizations, and donor-advised funds
- Structuring funds to provide maximum flexibility to the endowment and satisfy donor demands for control
- Donating illiquid and difficult-to-value assets to charity – real estate, interests in closely held businesses, works of art
- Review of faith-based giving initiatives and related legal issues
- Understanding “venture philanthropy” and its planning and drafting issues
David T. Leibell, UBS Private Wealth Management, New York