Trusts & Estates
Charitable Giving – Shift Focus From Estate Tax to Income Tax Planning
by Matthew T. McClintock, JD | VP of Legal Education, WealthCounsel
Charitable giving is, once again, on the rise. It dipped sharply during the recent recession; however, in the last couple of years, individual giving has increased in both current and inflation-adjusted dollars. We’re still not back to pre-recession levels, but the trend in charitable giving has been and continues to be positive. (Source: National Center for Charitable Statistics)
For estate planning professionals and their clients, it’s an appropriate time to revisit charitable giving with a view toward identifying new opportunities and assessing how a charitable giving plan works within the broader estate planning strategy.
Please complete the form below to download this WealthCounsel Insight Brief to learn more.
Complete the form to get your free guide
Related Resources
5 Charitable Giving Mistakes to Avoid
Download the "5 Charitable Giving Mistakes to Avoid" Insight Brief for a list and analysis of some of the most common charitable giving oversights in estate planning.
Learn More
New Law Provides Certainty for Charitable Distributions from IRAs
Download this Insight Brief to learn more about the PATH Act of 2015 and requirements to take advantage of this tax break.
Learn More
Charitable Gifts with Strings Attached
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.
Learn More