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Home / Archives for donor advised funds

donor advised funds

No Charitable Deduction in 2018?

March 20, 2019 by Yvonne Novak

second

The tax bills passed by the House and Senate would eliminate deductibility of state income tax and nearly double the standard deduction, dramatically reducing the number of people who would benefit from itemizing their deductions. As a result, most people would get no tax benefit from their charitable contributions. This article examines how a Donor Advised Fund could allow donors to make a contribution this year, getting a tax benefit, and then release the funds to charities in the … [Read more...] about No Charitable Deduction in 2018?

Filed Under: Estate Planning, Legal Education Tagged With: charitable remainder trusts, CRT, donor advised funds, estate planning, planning, trusts

Would You Prefer a Charitable Deduction This Year?

February 20, 2019 by Yvonne Novak

Now? later ?

Perhaps you would prefer to take a charitable deduction this year. Maybe you have higher income this year, or the reduced ability to take a deduction next year. A donor advised fund may make sense for you. A donor advised fund allows a deduction this year, even though distributions will be made to public charities in future years. Read on to learn more about a donor advised fund. Would You Prefer a Charitable Deduction This Year? … [Read more...] about Would You Prefer a Charitable Deduction This Year?

Filed Under: Estate Planning, Legal Education Tagged With: charitable deduction, donor advised funds, estate planning, planning, trusts

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Law Office of Yvonne Michaud Novak

Law Office of Yvonne Michaud Novak
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