by Christine | Jul 17, 2014 | Charitable Giving, Wills |
Carl J Drake spent his life studying bugs, everything from aphids to water striders. When he died in 1965, the entomologist left his life savings and his vast insect collection to the Smithsonian. But now Drake's will has become something of a pest. The case of...
by Christine | Jul 1, 2014 | Art, Charitable Giving, Estate Planning |
The tax law makes clear that the taxpayer has the burden of substantiating the value of the property. To this end, a taxpayer must not only comply with the procedural requirements for valuation, but must also persuade the trier of fact that his claimed...
by Christine | Jun 9, 2014 | Charitable Giving, Estate Planning, Wealth Transfer |
"We say to people: 'If you do nothing, your money will go to the state. Is that what you want?' That's enough to make them want to consider something else," says Andrew Russell, a certified financial planner in San Diego. If you have no spouse or...
by Christine | May 26, 2014 | Charitable Giving, Philanthropy |
Picking the right charity can be so complicated that it makes picking stocks look easy. When you give to charity, do you ever wonder if your donation is really going where it's supposed to? Or if your gift is doing the work you intended? If you are wrestling with...
by Christine | May 16, 2014 | Charitable Giving, Philanthropy |
About 50 years ago, only 5% of the total assets of America's largest 50 foundations were held by spend-downs. In 2010, that number had risen to 24%, according to Bridgespan Group in Boston. Today's charitable foundations seem to be shifting from maintenance...
by Christine | May 14, 2014 | Charitable Giving, Estate Planning, Philanthropy |
Today, with smaller families and more women choosing not to have children, “the dynamic has changed pretty significantly for the generation of baby boomers. The option of doing something charitably significant with their estates is a change,” he said. The New York...
