Tag: Charitable Giving

Charitable Giving and Your Estate Plan

Written by Kevin Quinn on March 31, 2020. Posted in Asset Protection, Beneficiary Designations, Business Succession Planning, Charitable Giving, Current Affairs, Estate Planning, Giving, LCPC, LGBT, Miscellaneous, Special Needs Planning, Tax Planning, Trusts, Wills.

“Giving appreciated stock shares, donating your RMDs and using charitable remainder trusts are just a few of the...

Appreciated Stock Shares, Charitable Giving, Charitable Remainder Trusts, Charities, Estate Planning Attorney, Gifts, Heirs, RMDs, Split Interest Trust

Estate Planning Basics: The Difference Between a Revocable and an Irrevocable Trust

Written by Legacy Counsellors P.C. on October 25, 2018. Posted in Estate Planning.

When you use the word “trusts,” people think you are talking about high income people with complicated estate...

Asset Protection, Charitable Giving, Estate Planning, Inheritance, Probate Court, Revocable Living Trust, Trust

The Truth, The Whole Truth and Nothing But the Truth

Written by Legacy Counsellors P.C. on January 10, 2018. Posted in Estate Planning.

Little white lies that you may find convenient for managing family situations are bad enough, but telling anything...

Asset Protection, Charitable Giving, Estate Planning Lawyer, Inheritance, Probate Court

Balancing Retirement Income with Retirement Dreams

Written by Legacy Counsellors P.C. on December 28, 2017. Posted in Retirement Planning.

If you used to think that retirement would be an endless vacation, chances are that by now you understand that...

Asset Protection, Charitable Giving, Estate Planning, Estate Planning Lawyer, Power of Attorney, Retirement Planning, Tax Planning

What You Need to Know to Make Required Minimum Distributions Less Taxing

Written by Legacy Counsellors P.C. on December 20, 2017. Posted in IRA, IRA Planning.

What You Need to Know to Make Required Minimum Distributions Less Taxing Those pesky RMDs can wreak havoc if you...

Asset Protection, Charitable Giving, IRA , Qualified Charitable Distribution (QCD), Qualified Longevity Annuity Contracts (QLAC), Required Minimum Distribution (RMD), Retirement Planning, Tax Planning

Small Hometown is Big Beneficiary of Quiet Community Member

Written by Legacy Counsellors P.C. on December 4, 2017. Posted in Charitable Giving, Current Affairs, Estate Planning, Wills.

The memory of John Criss, who loved his hometown, serves as a shining example of how a legacy is created through a...

Charitable Giving, Estate Planning, Guardianship, Wills

Philanthropist and Wife to Amway Co-Founder Dies

Written by Legacy Counsellors P.C. on November 27, 2017. Posted in Charitable Giving.

If the name Helen DeVos sounds is familiar, that may be because the late DeVos was mother-in-law to Betsy DeVos,...

Charitable Giving, Estate Planning

Here’s a World-Famous Artist with a Planned Approach to Creating a Legacy

Written by Legacy Counsellors P.C. on November 1, 2017. Posted in Charitable Giving, Current Affairs, Estate Planning.

Not all creative souls chose to ignore the details of their eventual passing. Famed painter Jasper Johns has created...

Charitable Giving, Estate Planning, Wills

Comedian Lewis Isn’t the Only One Disinheriting His Kids

Written by Legacy Counsellors P.C. on October 31, 2017. Posted in Estate Planning, Inheritance, Wills.

Maybe it’s a trend—a number of high profile people have chosen not to leave their kids an inheritance. For legendary...

Charitable Giving, Estate Planning, Inheritance, Will Contest

Making Philanthropy Part of the Family Tradition

Written by Legacy Counsellors P.C. on October 25, 2017. Posted in Charitable Giving.

The numbers are staggering—an estimated $30 trillion is expected to transfer from baby boomers to their heirs in the...

Charitable Giving

Why an Estate Plan is Never a “Set-it-and Forget-it” Document

Written by Legacy Counsellors P.C. on October 10, 2017. Posted in Estate Planning.

It feels great to have your estate plan completed—but that does not mean it is something you can file and forget....

Asset Protection, Charitable Giving, Community Property State, Estate Planning, Power of Attorney, Same-Sex Marriage, Special Needs Trust, Trustee

It’s been a Great Year for Charitable Giving at Kansas State University

Written by Legacy Counsellors P.C. on October 4, 2017. Posted in Charitable Giving, Current Affairs.

Any college development office would love to have the kind of year that Kansas State University Foundation reported...

Charitable Giving, Estate Planning

Could Tax Reform Take a Big Bite Out of Charitable Giving?

Written by Legacy Counsellors P.C. on September 20, 2017. Posted in Charitable Giving.

Nothing ruffles donor’s plans for giving like tax reform. The problem is, there’s no way to know what the final...

Charitable Giving, Estate Planning, Tax Planning

Yes, Even You Need to Have a Will

Written by Legacy Counsellors P.C. on September 7, 2017. Posted in Wills.

Most of us are hard-wired to avoid situations that might lead to our death. While some thrive on sky diving or...

Charitable Giving, Estate Planning Lawyer, Estate Tax, Executor, Guardianship, Inheritance, Probate Court, Trusts, Wills

Is a Trust Right for Your Estate Plan, and What Kind of Trust is Best?

Written by Legacy Counsellors P.C. on September 4, 2017. Posted in Estate Planning, Trusts.

Wealthy people are not the only ones who use trusts in their estate planning. They also serve many different...

Asset Protection Trust, Bypass Trust, Charitable Giving, Estate Planning Lawyer, Estate Tax, Gift Tax, Inheritance, Medicaid, Probate Court, Special Needs Trust, Tax Planning, Totten Trust

Give Your Charitable Giving More Impact

Written by Legacy Counsellors P.C. on August 23, 2017. Posted in Charitable Giving.

Americans are truly generous, supporting causes and organizations and giving in the form of money, time and taking...

Charitable Giving, Estate Planning Lawyer

Is Your Retirement Plan Prepared with Taxes in Mind?

Written by Legacy Counsellors P.C. on August 11, 2017. Posted in Retirement Planning.

Don’t assume that your tax liability will shrink during retirement. Start planning now to avoid any unpleasant...

401(k), Asset Protection, Charitable Giving, Estate Planning, IRA , Life Insurance, Required Minimum Distribution (RMD), Retirement Planning, Tax Planning

How to Make Gift Tax Part of Your Tax Planning

Written by Legacy Counsellors P.C. on August 2, 2017. Posted in Tax Planning.

Did you know that the donor is responsible for paying any gift taxes, not the recipient? When you think of tax...

Charitable Giving, Estate Planning, Estate Tax, Gift Tax, Tax Planning, Unified Lifetime Exemption

How to Make Sure You’re Remembered

Written by Legacy Counsellors P.C. on July 20, 2017. Posted in Life Insurance.

How do you ensure that you’ll be remembered as time and generations continue after you’re gone? One way to create a...

Beneficiary Designations, Charitable Giving, Estate Planning Lawyer, Inheritance, Life Insurance, Trusts

Proceeds from Auction of Famed Playwright’s Collection to Benefit His Foundation

Written by Legacy Counsellors P.C. on July 19, 2017. Posted in Charitable Giving.

One of America’s legendary playwrights was also an avid art collector, who amassed an extraordinary art...

Artwork, Charitable Giving, Estate Sale, Inheritance

Should You Leave Money for Your Kids? How Much?

Written by Legacy Counsellors P.C. on July 4, 2017. Posted in Inheritance.

Money and families can be very complicated. How do you know how much money to leave to your children, or if you want...

Asset Protection, Charitable Giving, Estate Planning, Inheritance

Making a Retirement Dream Come True Requires Real-World Planning

Written by Legacy Counsellors P.C. on June 2, 2017. Posted in Estate Planning, Retirement Planning.

If your idea of retirement means not working and enjoying a life of leisure, you’d better start crunching numbers...

401(k), Asset Protection, Charitable Giving, Estate Long-Term Care Planning, Estate Planning, Inheritance, Life Insurance, Retirement Planning

Think of Your Will as a Tribute and an Act of Caring

Written by Legacy Counsellors P.C. on May 30, 2017. Posted in Estate Planning, Wills.

Think of your will as a love letter that will tell how you want to care for your family and friends when you are...

401(k), Asset Protection, Beneficiary Designations, Charitable Giving, Estate Planning, Guardianship, Healthcare Directive, IRA , Life Insurance, Living Trust, Living Will, Power of Attorney, Probate Court, Tax Planning, Wills

When Bitcoin and Digital Assets are Part of the Estate

Written by Legacy Counsellors P.C. on May 24, 2017. Posted in Estate Planning, Web/Tech.

Because they are relatively new, dealing with digital currency and other digital assets requires a little extra care...

Asset Protection, Bitcoin, Charitable Giving, Cryptocurrency, Digital Assets, Estate Planning, Virtual Currency

How Charitable Giving Works for Estate Plans Today

Written by Legacy Counsellors P.C. on May 12, 2017. Posted in Charitable Giving.

Philanthropically-minded families have long made charitable giving part of their estate plan. While the tax benefits...

Asset Protection, Charitable Giving, Charitable Lead Trust, Charitable Remainder Trust, Estate Planning Lawyer, Estate Tax, Gift Tax, Inheritance, Probate Court

Staying Connected to a Valued Community through Planned Giving

Written by Legacy Counsellors P.C. on April 17, 2017. Posted in Charitable Giving.

Through the use of a Charitable Remainder Unitrust, the Whitehouses receive lifetime income. At the same time, their...

Charitable Giving, Charitable Remainder Unitrust, Estate Planning

Why You Need a Will and What You’ll Need to Know in Advance

Written by Legacy Counsellors P.C. on April 6, 2017. Posted in Estate Planning, Trusts, Wills.

Once you put your list of assets together, you may change your mind about letting a complete stranger decide who...

Charitable Giving, Estate Planning Lawyer, Guardianship, Healthcare Directive, Inheritance, Living Will, Power of Attorney, Probate Attorney, Tax Planning, Will Changes, Will Contest, Wills

No Kids? You Still Need a Will, No Kidding!

Written by Legacy Counsellors P.C. on March 27, 2017. Posted in Estate Planning, Wills.

Whether you are single, married, have kids or no kids, you still need a will to distribute your assets upon your...

Asset Protection, Charitable Foundation, Charitable Giving, Donor-Advised Fund, Estate Planning Lawyer, Estate Tax, Inheritance, Power of Attorney, Tax Planning, Wills

When Was the Last Time You Checked Beneficiary Designations?

Written by Legacy Counsellors P.C. on February 23, 2017. Posted in Beneficiary Designations.

It happens all the time: ex-spouses get a nice surprise when no one remembered to update beneficiary designations....

401(k), Asset Protection, Beneficiary Designations, Charitable Giving, Estate Planning Lawyer, Inheritance, IRA , Life Insurance, Tax Planning

Timing is Everything, Even in Estate Planning

Written by Legacy Counsellors P.C. on February 21, 2017. Posted in Estate Planning.

When both spouses die at the same time, whether as the result of an accident or natural disaster, sticky estate...

All-Dead Clause, Asset Protection, Charitable Giving, Estate Planning Lawyer, Inheritance, Probate Court, Simultaneous-Death Clause, Titanic Clause, Wills

Surprise Gift to Library Has Big Impact on California Community

Written by Legacy Counsellors P.C. on February 10, 2017. Posted in Charitable Giving.

City council and library commission working together to determine how to use generous gift. He never told the...

Charitable Giving, Estate Planning Lawyer, Living Trust

An Uptick in Charitable Stock Donations

Written by Legacy Counsellors P.C. on January 19, 2017. Posted in Uncategorized.

Working on the assumption that President-elect Trump will make tax cuts, investors are donating appreciated stock to...

Charitable Giving, Donor-Advised Fund (DAF), Estate Planning, Stock Tax Planning

Beyond the Annual Appeal: Supporting Not-for-Profit Charities

Written by Legacy Counsellors P.C. on January 16, 2017. Posted in Charitable Giving.

You don’t have to be a millionaire to be a philanthropist, but before you make donations, consider these options for...

Asset Protection, Charitable Gift Annuities, Charitable Giving, Charitable Remainder Trust, Estate Planning Lawyer, Estate Tax

If You’ve Always Wanted to Collect Art

Written by Legacy Counsellors P.C. on January 5, 2017. Posted in Charitable Giving.

Buying art takes a balance of education, appreciation and caution. The more you know about the artist and the...

Art, Charitable Giving, Estate Planning Lawyer, Inheritance

Think You Are Too Young to Need a Will? Think Again

Written by Legacy Counsellors P.C. on December 21, 2016. Posted in Estate Planning.

No one expects to die early in their life, and that’s a major reason why many adults who should know better than to...

Charitable Giving, Estate Planning Lawyer, Estate Tax, Guardianship, Healthcare Directive, Inheritance, Living Will, Power of Attorney, Probate Attorney, Probate Court, Wills

Where There’s a Will, There’s a Plan

Written by Legacy Counsellors P.C. on December 19, 2016. Posted in Wills.

Estate planning is more than preparing a will. It includes evaluating your estate, and that includes the beneficiary...

401(k), Asset Protection, Beneficiary Designations, Charitable Giving, Estate Planning Lawyer, Estate Tax, Inheritance, IRA , Life Insurance, Savings Bonds, Tax Planning, Wills

North Dakota State University’s STEM Scholarships Creates a Legacy

Written by Legacy Counsellors P.C. on November 29, 2016. Posted in Charitable Giving.

A record donation from a civil engineering alumnus will provide STEM scholarships at NDSU, attracting more students...

Charitable Giving, Estate Planning

Can Charitable Giving Help Achieve A Zero-Tax Estate Plan?

Written by Legacy Counsellors P.C. on November 25, 2016. Posted in Charitable Giving.

Establish a legacy and gain tax advantages through philanthropy. The process of estate planning naturally lends...

Asset Protection, Charitable Giving, Charitable Lead Trust, Charitable Remainder Trust, Estate Planning Lawyer, Estate Tax, Gift Tax, Inheritance, Qualified Terminable Interest Property Trust (Q-TIP), Tax Planning, Trusts

Giving During Your Lifetime to Charities with Donor-Advised Funds

Written by Legacy Counsellors P.C. on October 24, 2016. Posted in Charitable Giving.

Being a philanthropist while you are still alive is a rewarding experience that also yields tax benefits. With Donor...

Charitable Giving, Donor-Advised Fund (DAF), Estate Planning

Giving to Charity as Part of Your Estate Plan

Written by Legacy Counsellors P.C. on September 23, 2016. Posted in Estate Planning.

Making a donation to a charity after you die can take many different forms, depending on your overall goals. There...

Asset Protection, Charitable Giving, Estate Planning Lawyer, Inheritance, Probate Court, Wills

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Tag: Charitable Giving

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