Charitable giving can be a very valuable part of your estate plan. There are thousands of charities out there that could use a boost, but if you're wise you will do your research before making any knee-jerk decisions. If you're like most people you want your money to do the maximum amount of good. You may be drawn to a particular cause or institution for one reason or another, but you don't know if this entity is efficiently using its resources unless you do the research. … [Read more...] about Charitable Giving: Do Your Research
You can give to charities and gain estate tax benefits in the process. Let's look at the estate tax first of all so that you know how to determine whether or not you are actually going to be exposed to the tax. Most people are not going to have to pay the estate tax because today there is a relatively high exclusion. After the enactment of the American Taxpayer Relief Act of 2012, permanent estate tax parameters were put into place. … [Read more...] about Assist Charities While Gaining Estate Tax Efficiency in Oklahoma
A few weeks back we posted here on the blog the story of a deceased former New York real estate developer name Roman Blum. He died intestate, which means that he did not leave behind instructions regarding how his assets should be distributed. … [Read more...] about Ups & Downs for Oklahoma Animal Shelter
Philanthropy can be a meaningful part of your legacy, and many people feel strongly about giving something back. Exactly how you should structure your efforts is something you should discuss in detail with a licensed and experienced estate planning attorney. Clearly there are personal rewards that come back to you on a tangible level when you make the decision to give something back. But at the same time you may be able to maximize your giving by taking advantage of certain tax benefits that … [Read more...] about Do You Have Philanthropic Urges?