May 2017 Roundup for Professional Advisors

Charitable Remainder Trust
A special trust called a Charitable Remainder Trust saved one couple $36,000 in capital gains tax and almost $18,000 in income taxes when the husband and wife decided to sell their property.

In our roundup for professional advisors, we explore the gift tax, blended gifts, the American Health Care Act and Charitable Remainder Trusts. Read below to stay in-the-know on industry news.

Roundup for Advisors

Personal Planner: Gift Tax Surprise
Following the passage of the estate tax, Congress realized that a gift tax is also necessary. If there were no gift tax, creative CPAs and estate attorneys would urge their clients to make deathbed gifts. Rather than waiting until they pass away and paying estate tax, if there were no gift tax the transfer tax could be entirely avoided by making death-bed gifts. Learn how the gift tax works, annual exclusions, lifetime exemptions and more.

Article of the Month: Blended Gifts – Part I
The idea of asking donors to make a “blended gift” is an emerging trend in the world of philanthropy. Learn how the current gift portion of the blended gift will provide a donor and charity with benefits today, while the planned gift portion typically provides both current and future benefits.

Washington News: House Sends American Health Care Act to Senate
On May 4, the U.S. House of Representatives passed the American Health Care Act (AHCA). The bill has been sent to the U.S. Senate. Several Senators indicated the future Senate health care bill will reflect their respective views on improving health care. The House bill is complex and comprehensive. Learn about the 10 major sections that may impact your lifestyle, including Health Care Credits, Senior Credits, Employer Mandates and more.

Case Study: Tax-Free Sale
A special trust called a Charitable Remainder Trust (CRT) saved one couple $36,000 in capital gains tax and almost $18,000 in income taxes when the husband and wife decided to sell their property. Learn how CRTs help property owners bypass capital gains, increase income and incur a charitable deduction.

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