New legislative protection for charitable giving vehicles
Article Abstract:
The Philanthropy Protection and the Charitable Gift Annuity Antitrust Relief Acts, both enacted in 1995, exempt philanthropic and charitable vehicles from securities and antitrust statutes, while imposing donor protections on charitable organizations. Both acts retroactively apply to pending actions. The Relief Act exempts charitable gift annuities from antitrust law when exempt organizations offer agreed-upon annuity rates. The Philanthropy Protection Act exempts charitable vehicles from securities laws in order to minimize lawsuits while promoting charities' investment pools.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1996
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Using life insurance in charitable planning
Article Abstract:
Life insurance is a useful and flexible vehicle for those planning charitable gifts. Life insurance allows donors current liquidity with its relatively low current premium outlays. Careful planning is necessary to assure charitable deduction allowances and avoidance of negative tax consequences. State law should be researched in situations where insurable interest could be at issue. Charitable remainder trusts may be funded with life insurance.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1998
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Nonqualified stock options play a valuable role in making charitable gifts
Article Abstract:
Nonqualified stock options can be useful planning tools for those interested in making charitable gifts. IRS letter rulings should be referenced for guidance in this sometimes complex area where no Tax Code or IRS regulations directly control. Income and transfer tax considerations include when and if deductions can be taken and valuation.
Publication Name: Estate Planning
Subject: Law
ISSN: 0094-1794
Year: 1998
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- Abstracts: Government by proxy: a faithful overview. Proposed legislation to curb abuses: nonqualified executive deferred compensation plans and underlying security devices
- Abstracts: Second-death life insurance in profit sharing plans. Insured bonus plan - a different approach. Key 1995 tax developments involving life insurance in estate and business planning
- Abstracts: The WRAP Trust. Estate planning implications of nonqualified deferred compensation benefits. Leveraged wealth transfer with asset protection
- Abstracts: Charitable planning with life insurance. The survivor life stand-by trust: a new planning alternative. Choosing the most appropriate insurance policy and company
- Abstracts: Taxpayers' appraisers in a tax court slump. Dissecting the discount for lack of marketability. The outer limits of minority discounts