Description
Covers charitable transfers, charitable trusts and charitable planning vehicles applicable to estate and gift planning.
Objectives
- Identify organizations that qualify for public charity status.
- Select the type of ownership in real property that is not conducive for gifting to a charity.
- Determine which type of property qualifies as a charitable contribution of ordinary income property.
- Identify a testamentary charitable gift.
- Determine the type of charitable lead trust that uses a fixed percentage payout to calculate the variable amount sent to the charity each year.
- Select which charitable vehicle is maintained and operated by an IRC Section 501(c)(3) organization.
- Identify the type of charitable organization that limits an individual's charitable deduction to 30 percent of his or her adjusted gross income.
Highlights
- Charitable gifts
- Charitable trusts and planning tools
- Tax planning and integrating charitable planning with the financial plan