Charitable Gifts with Strings Attached

Resource Center

by Jeramie Fortenberry, JD, LLM (Taxation)
Executive Editor, Business Docx , WealthCounsel

As 2015 draws to a close, your clients might now be considering year-end charitable contributions. For various reasons, some may want to restrict the gift or earmark it for a specific purpose, which could result in a charitable deduction being denied by the IRS.

Download this WealthCounsel Insight Brief to learn about 3 common pitfalls to avoid when drafting gift agreements in order to preserve your clients' tax benefits on charitable gifts.