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Charitable Giving Vehicles in Estate Planning: Private Foundations, CRTs, CLTs, DAFs, and Other Planning Tools

Key Issues for Estate Planners and Advisers, Key Trust Provisions, Operational Requirements, Tax Treatment for Certain Vehicles

Recording of a 90-minute CLE/CPE video webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford CPE+ Pass. Click for more information.
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Conducted on Tuesday, May 30, 2023

Recorded event now available

or call 1-800-926-7926

This CLE/CPE webinar will provide estate planning counsel and advisers with a thorough and practical guide to selecting charitable giving vehicles. The panel will cover the eight most common strategies, spending adequate time to discuss the nuances of the most popular structures and the utilities of more esoteric structures. The panel will also discuss federal income tax treatment of certain vehicles, detail operational requirements, review key trust provisions, and discuss both inter vivos and post-mortem strategies for using certain charitable giving vehicles.

Description

Charitable giving can provide significant income and estate tax advantages while also satisfying charitable intent. To ensure these advantages for clients, trusts and estate counsel must have a complete understanding of the legal framework and tax rules applicable to charitable giving vehicles.

When it comes to the types of charitable vehicles estate planners should consider a variety of structures, including but not limited to the common options, such as private foundation, CRT, CLT, or a donor-advised fund. Determining which vehicle will provide the optimum benefits is critical for estate planning for clients with charitable intent.

Listen as our panel discusses the mechanics of certain charitable giving vehicles under current tax law and challenges for counsel, as well as offers key income and estate tax planning techniques.

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Outline

  1. Overview of charitable giving
  2. Direct giving
  3. Donor Advised Funds
  4. Private foundations and private operating foundations
  5. Sponsoring organizations
  6. Charitable Remainder Trusts
  7. Charitable Lead Trusts
  8. Charitable Gift Annuity
  9. Charitable LLCs
  10. Guides on how to identify the best structure for each client

Benefits

The panel will discuss these and other key issues:

  • What vehicles are available for charitable giving and what is their impact on estate planning?
  • Which asset transfers provide the most income and transfer tax benefits when gifted to a private foundation?
  • What are the legal framework and applicable rules for CRTs and CLTs?
  • How can you properly structure a CRT or CLT for an income tax deduction and timing of trust income?
  • What are the legal framework and applicable rules for DAFs and pitfalls to avoid?
  • What are the reporting requirements, operational risks, and opportunities for certain charitable giving vehicles?

Faculty

Edwards, Margot
Margot Edwards
Managing Director and Wealth Advisor
J.P. Morgan Private Bank

Ms. Edwards practiced as a tax and estate planning attorney for over 14 years, and partners closely with highly...  |  Read More

Hegji, Aaron
Aaron Hegji
Wealth Strategist/Chief Fiduciary Officer
Wealthgate Trust

Mr. Hegji assists families and their advisors in developing, implementing, and properly administering unique estate...  |  Read More

Access Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. CPE credit is not available on recordings. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video