October 25, 2024 | New York Law Journal
Funding Life-Income Charitable Gifts With IRAs"Your clients can use up to $53,000 of their IRA's Required Minimum Distributions (RMDs) to make life-income charitable gifts."
By Conrad Teitell
4 minute read
August 23, 2024 | New York Law Journal
Direct IRA Transfers to Charity: Smart Philanthropy"Now is the time to tell clients about direct transfers from IRAs," writes Conrad Teitell.
By Conrad Teitell
6 minute read
June 21, 2024 | New York Law Journal
Stretching IRA Payments for Heirs: Using Charitable Remainder UnitrustsThe SECURE Act—starting in 2020— killed the stretch IRA for most heirs. Until that legislation, an heir could generally have required minimum distributions stretched over his or her life expectancy. And that minimized taxes—plus; the assets in the heir's IRA grew tax-free until withdrawn.
By Conrad Teitell
5 minute read
April 19, 2024 | New York Law Journal
Charitable Gifts for Prisoners: The Lighter—or Heavier—Side of the LawIn this Estate Planning and Philanthropy column, Conrad Teitell presents a letter he once received from a librarian at the Federal Correctional Institution in El Reno, OK, requesting law book donations for their law library. He also includes his response, which highlights potential tax issues with the request.
By Conrad Teitell
4 minute read
February 23, 2024 | New York Law Journal
2024 Charitable Deductions: Donor Benefits and ExpensesEach year, the IRS adjusts charitable gift rules, tax tables, personal exemptions, standard deductions and other tax provisions. This article highlights the key charitable figures for 2024.
By Conrad Teitell
3 minute read
December 22, 2023 | New York Law Journal
Tax Reform Act of 1969: A RemembranceIn his Estate Planning and Philanthropy column, Conrad Teitell reflects on the Tax Reform Act of 1969, as he has been doing in recent years during the month of December, and shares a memory associated with the subject.
By Conrad Teitell
2 minute read
October 20, 2023 | New York Law Journal
Dartmouth's Closed Golf Course: Who Can Play in Court?This article discusses a case in which an alumnus made a $1.8-million gift to Dartmouth College to upgrade and maintain its golf course. However, Dartmouth subsequently closed the course and sought to repurpose the donor's gift.
By Conrad Teitell
4 minute read
August 27, 2023 | New York Law Journal
Estate Planning Org. Not IRC §501(C)(3) ExemptThis article covers how an estate planning organization was found to not qualify for federal income tax exemption under IRC §501(a) as an organization described in IRC §501(c)(3).
By Conrad Teitell
8 minute read
June 23, 2023 | New York Law Journal
Mucked-Up CRUTs and CRATs—Scrivener's Error Fix UpSometimes a trust can be reformed because the trust's disqualification resulted from a "scriveners" error. And that's more than a typo, as the below situations illustrate.
By Conrad Teitell
13 minute read
April 21, 2023 | New York Law Journal
Administration's Proposals Affecting Charities and DonorsAmong the Treasury's 224-page "Green Book" proposals that would affect federal income, gift and estate taxes, I highlight two among the charitable proposals: (1) Charitable Lead Annuity Trusts (CLATs), and (2) Private Foundation transfers to Donor Advised Funds.
By Conrad Teitell
7 minute read
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