Thursday, February 26, 2015
The current estate tax climate has created a decreased focus on estate tax in estate planning, with the most recently available statistics showing that 99.7 percent of those who died in 2012 had estates that were below the exemption amount and the states that have an estate or inheritance tax only make up 38 percent of the U.S. population. This lowered estate tax focus has expanded charitable gift planning to include addressing concerns such as income tax, effective philanthropy, and asset protection. One way of addressing these concerns is through accelerating gifting by creating a Charitable Remainder Unitrust funded by appreciated securities or starting an endowment fund.
See Robert F. Sharpe, Jr., Making Gifts Sooner Than Later . . . Accelerating Charitable Bequests, Wealth Management, Feb. 23, 2015.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.