In this article from Leimberg Information Services, distinguished estate planner and author Byrle M. Abbin points out the recent change in Code Section 664(c) from an income taxable status to an excise tax on UBTI can have an economic result ranging from "disastrous" to "no consequence." What makes the difference, Byrle tells us, is controlled by the nature of the investment and portion that is UBI. Byrle monetizes the impact of the new tax under a range of scenarios, and provides a definition of the excise tax base. If you work with CRTs, this is a MUST read analysis!  MORE »

In early January, the Planned Giving Design Center received a press release from a Florida financial advisor announcing he had obtained a U.S. patent on the use of tax deferred variable annuities within pre-need funeral contracts, endowment funds (including donor advised funds), charitable remainder trusts, charitable lead trusts, and pooled income funds. In the wake of AICPA's call for legislation against tax strategy patents, we ask the question: Are investment patents of this type good for planned giving? We invite your comments and opinion.  MORE »

When it comes to giving practical advice on integrating creatively structured planned gifts into donors' financial and estate planning, Jim Normandin of Memorial Medical Center Foundation Long Beach is at the top of his game. In this article, he identifies assets that may be prime candidates for charitable remainder trusts and charitable gift annuities.  MORE »

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In this week's edition of Gift Planner's Digest, philanthropic financial advisor Paul Comstock discusses "Investment Strategies for Fiduciaries of Split-Interest Trusts."  MORE »